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Financial News: Italy Industrial Production Falls In August

Italy Industrial Production Falls In August

10/11/2021 - 05:27:00 (RTTNews)

(RTTNews) - Italy's industrial production declined in August, data published by the statistical office Istat showed on Monday.

Industrial production decreased 0.2 percent in August from July, when output gained 1 percent. This was the first fall in three months and smaller than the economists' forecast of -0.3 percent.

Among components, only capital goods output reported monthly growth in August, which was up 0.8 percent. Energy output dropped 2.1 percent and consumer goods fell 2 percent. Intermediate goods output decreased 1.3 percent. Year-on-year, industrial output remained unchanged in August after rising 7.2 percent in July.

On an unadjusted basis, annual growth in industrial production came in at 3.1 percent, down from 4 percent in July.

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