Italia Produzione Industriale (Mensile)

Industrial production in Italy edged up by 0.1% mom in February 2024, rebounding from a downwardly revised 1.4% drop in January and missing forecasts of a 0.5% increase. The output rebounded for capital goods (3.5% vs -3.6% in January) and intermediate goods (0.1% vs -0.1%), while decreasing at a slower pace for consumer goods (-0.8% vs -2.2%). Conversely, production fell for energy goods (-2% vs 1.9%). On a yearly basis, industrial output fell by 3.1% in February, marking the 13th consecutive period of a negative reading, following a downwardly revised 3.7% drop in the previous period.