ROME, Nov 11 (Reuters) – Italian industrial output rose 1.2% in September from the previous month after an unexpected 1.2% drop in August, national statistics bureau ISTAT reported on Wednesday, offering some relief to the country’s long-struggling manufacturing sector.
• A Reuters survey of 17 analysts had pointed to a month-on-month rise of 0.8% in September
• In the third quarter average industrial output was down 0.4% following a 0.3% rise in the previous three months
• August data was revised up marginally from an originally reported -1.3%
• On a work day-adjusted year-on-year basis, output fell 0.1% in September following a 0.2% rise in August, revised from an originally reported flat reading
• The Italian economy was flat in the third quarter after holding up better than many analysts expected in the first half of this year
• Prime Minister Giorgia Meloni’s government last month hiked its economic growth outlook to 1% for this year and 0.8% for 2027, from previous targets of 0.6%
• In 2025, Italy’s GDP grew by 0.6%
(Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by Alvise Armellini)
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