Italy's industrial production remained flat in October 2024, marking the fourth consecutive month without growth and falling short of market expectations for a 0.2% increase.
Italy's industrial output stalls in October
The stagnation was primarily driven by declines in the production of intermediate goods (-1%) and capital goods (-0.2%), which offset gains in energy goods (1.7%) and consumer goods (1.5%). This weak performance reflects ongoing challenges in the manufacturing sector as Italy grapples with a sluggish economic recovery. Compared to last year's period, industrial output was down 3.6%, continuing a trend of more than 18 months of consecutive contractions.
This prolonged downturn highlights concerns over Italy's industrial sector, with reduced demand and broader economic uncertainties weighing on production.
