ROME (Reuters) -Italian industrial output climbed 2.8% in September from the month before, data showed on Wednesday, offering some hope to the country's long-struggling manufacturing sector. A Reuters
Italy's Industrial Output Surges 2.8% in September, Exceeding Forecasts
Overview of Italy's Industrial Output
ROME (Reuters) -Italian industrial output climbed 2.8% in September from the month before, data showed on Wednesday, offering some hope to the country's long-struggling manufacturing sector.
Monthly and Yearly Performance
A Reuters survey of 12 analysts had pointed to a 1.5% increase.
Revised Data Insights
National statistics agency ISTAT revised August's data down to a 2.7% decrease from an originally reported 2.4% drop.
Analyst Expectations vs. Reality
On a work day-adjusted year-on-year basis, industrial output rose 1.5% in September versus a forecast for a 0.5% decrease, following a 3.0% fall in August revised from an originally reported 2.7% drop.
Both the month-on-month and year-on-year increases in September were the steepest in the last two years at least.
ISTAT gave the following details
INDUSTRIAL PRODUCTION SEP AUG JULY
Mth/mth pct change (adjusted) 2.8 -2.7r 0.4
Yr/yr pct change (adjusted) 1.5 -3.0r 0.9
Yr/yr pct change (unadjusted) 4.6 -6.0r 0.9
r=revised
(Reporting by Antonella Cinelli, editing by Giulia Segreti)
