Italy's industrial production index falls in Feb; biz confidence grows

14 Apr '23

2 min read

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Insights

Italy's industrial production index fell by 0.2 per cent in February over January for the second month in a row.
Between December 2022 and February 2023, the index had increased by 0.3 per cent.
In March, consumer confidence increased further and business confidence growth resumed after stabilising in February.
Perspectives for the economy remain positive.

Italy’s industrial production index decreased by 0.2 per cent in February with respect to January for the second month in a row. Between December 2022 and February this year, however, the index had increased marginally by 0.3 per cent.

Perspectives for the country’s economy remain positive. In March, consumer confidence increased further and business confidence growth resumed after having stabilised in February.

The country’s exports last year performed in line with the European Union (EU) average and better than those of France and Germany.

In January this year, seasonally-adjusted data increased marginally for exports compared to December last year. Exports remained, however, on higher value than in January 2022, the country’s official statistical agency said in a release.

In February, exports to non-EU27 countries increased by 17 per cent and imports decreased by 6.8 per cent compared with the same month of the previous year.

In March, according to preliminary estimates, the Italian harmonised index of consumer prices (HICP) increased by 8.2 per cent on annual basis keeping unchanged the positive differential with euro area inflation.

The number of unemployed people in February decreased, while employed and inactive persons remained stable. Employment stabilised in February with respect to the previous month synthetising an increase for men and self-employed and a decrease for women and temporary workers.

The unemployment rate remained unchanged at 8 per cent during February this year.

ALCHEMPro News Desk (DS)

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