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Financial News: Italy Construction Output Drops In September

Italy Construction Output Drops In September

11/19/2020 - 06:32:00 (RTTNews)

(RTTNews) - Italy's construction output fell for the first time in five months in September, data from the statistical office ISTAT showed on Thursday.

The construction output dropped a seasonally adjusted 8.1 percent month-on-month in September, after a 12.6 percent rise in August.

On a yearly basis, the construction output rose a working day adjusted 5.1 percent in September, after a 13.4 percent growth in the prior month.

On an unadjusted basis, construction output increased 8.8 percent in September, after a 13.4 percent rise in the prior month.

In the January to September period, construction output decreased a calendar-adjusted 12.0 percent and declined 11.5 percent in the unadjusted series.

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