Italy industrial output rises the most in 5 months

Italy's industrial production rose by 0.3% month-on-month in November 2024, up from the 0.1% increase in October and slightly exceeding market expectations of a 0.2% rise.

Italy industrial output rises the most in 5 months

This marked the fastest growth in domestic manufacturing since June, although the European manufacturing sector remains subdued due to lingering effects of energy price shocks caused by the Russian invasion of Ukraine. Output increased for consumer goods (0.9%), intermediate goods (0.3%), and energy goods (1.6%), while production declined for capital goods (-0.6%).

Still down year-over-year

On an annual basis, industrial output contracted by 1.5%, marking nearly two consecutive years of annual declines, although it was the softest contraction in 11 months.