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Italy's seasonally-adjusted IIP up 0.5% MoM in May

12 Jul '24
1 min read
Italy's seasonally-adjusted IIP up 0.5% MoM in May
Pic: Adobe Stock

Insights

  • The seasonally-adjusted index of industrial production (IIP) in Italy rose by 0.5 per cent month on month (MoM) in May.
  • The calendar-adjusted IIP fell by 3.3 per cent YoY in the month, flash official estimates show.
  • The calendar-adjusted growth rate of manufacturing of textiles, apparel, leather and accessories dropped by 7 per cent YoY in May.
The seasonally-adjusted index of industrial production (IIP) in Italy increased by 0.5 per cent month on month (MoM) in May this year. The calendar-adjusted IIP decreased by 3.3 per cent year on year (YoY) in the month, according to flash estimates by the official statistical agency Istat.

The index measures the monthly evolution of the volume of industrial production, excluding construction.

The change of the average of the last three months with respect to the previous three months was minus 1.6 per cent.

The unadjusted IIP decreased by 3.3 per cent MoM.

The calendar-adjusted growth rate of manufacturing of textiles, apparel, leather and accessories dropped by 7 per cent YoY in May.

ALCHEMPro News Desk (DS)
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