Italy: Industrial production rebounds in February
Latest reading: Industrial production rose 0.1% in seasonally adjusted month-on-month terms in February, following a 0.6% decline in the previous month.
Relative to the prior month’s data, readings in February improved for manufacturing (+1.1% in seasonally adjusted month-on-month terms vs -1.4% in January) and mining and quarrying (+1.8% vs -1.7% in January). In contrast, the reading for electricity, gas, steam and air conditioning worsened in February (-4.8% vs +3.4% in January).
In annual terms, industrial production was up 0.5% in February, following a 0.5% drop in the prior month.