2017 Economic Calendar
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Italy : Industrial Production  
Released On 1/12/2017 4:00:00 AM For Nov, 2016
PriorPrior RevisedConsensusActual
Month over Month0.0 %0.1 %0.3 %0.7 %
Year over Year1.3 %2.0 %3.2 %

Highlights
The goods producing sector had a solid and better than expected November. Excluding construction, output was up 0.7 percent on the month, its largest gain since August, after a marginally firmer revised 0.1 percent increase in October. Annual workday adjusted growth accelerated from 1.3 percent to 3.2 percent, also a 3-month high.

The monthly headline rise was led by intermediates which posted a 1.1 percent increase. Capital goods (0.8 percent) also performed well but consumer goods dropped 0.9 percent on the back of a 1.3 percent decline in non-durables. Energy production was up 2.4 percent.

November's advance puts output back at its highest level since July 2012. Average production in October/November was a healthy 0.9 percent above its third quarter mean and all but guarantees a positive contribution from the sector to fourth quarter real GDP growth. Nonetheless, such was the decline during the 2008/09 recession that even now factory output is still some 22 percent below its peak level in April 2008.

Definition
Industrial production measures the physical output of the nation's factories, mines and utilities. Construction is excluded. Approximately 4,100 companies provide data on more than 8,000 monthly flows of production.  Why Investors Care
 
 

2017 Release Schedule
Released On: 1/12
Release For: Nov
 


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