2018 Economic Calendar
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Italy : Industrial Production  
Released On 2/9/2018 4:00:00 AM For Dec, 2017
PriorPrior RevisedConsensusActual
Month over Month0.0 %0.2 %0.8 %1.6 %
Year over Year2.2 %2.3 %4.9 %

Goods production (ex-construction) was strong at year-end. A 1.6 percent monthly rise was double market expectations, the third increase in a row and the best performance by the sector since January 2016. Annual workday adjusted growth jumped fully 2.6 percentage points to 4.9 percent, its highest mark since last August.

December's monthly gain was led by capital goods which saw output surge 4.7 percent after a 0.2 percent drop in November. However, intermediates were also very robust, rising 2.6 percent and consumer goods (1.9 percent) were not far behind. Indeed, headline growth would have been stronger still but for a 1.5 percent contraction in energy.

The December report puts fourth quarter industrial production 0.8 percent above its level in the previous period when it expanded 1.6 percent versus April-June. The sector thus continued to provide an important boost to real GDP growth last quarter and business surveys suggest that the positive contribution extended into the current period. Indeed, the January PMI signalled the fastest growth of manufacturing output since February 2011.

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

2018 Release Schedule
Released On: 1/122/93/194/105/106/117/108/39/1210/1011/1212/10
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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