The calendar-adjusted industrial production index fell by 1.1 per cent year on year (YoY). The unadjusted index rose by 2 per cent YoY, according to a release from the official statistical agency Istat.
The calendar-adjusted growth rate of manufacturing of textile, readymade garments (RMG), leather and accessories dropped by 11.3 per cent YoY during October.
The index measures the monthly evolution of the volume of industrial production, excluding construction.
From January 2022, the indices are calculated as annual chain-linked indices instead of fixed base indices. The weighting reference is now year 2022 while the reference base is still the year 2015.
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