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Italy's industrial production sees marginal rise in August 2023

11 Oct '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • In August 2023, Italy's industrial production rose by *.* per cent MoM, with a *.* per cent three-month average increase.
  • However, the index dropped by *.* per cent year-on-year.
  • The textile and apparel sector saw a significant *.* per cent YoY decline.
  • The unadjusted industrial production index recorded a decline of *.* per cent compared to August 2022.

However, on a calendar-adjusted basis, the industrial production index showed a decline of *.* per cent when compared to figures from August ****.

The manufacturing of textiles, wearing apparel, leather, and accessories faced a significant downturn. The index for this sector plummeted by **.* per cent on a year-on-year (YoY) basis, as per Istat.

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