Following the 1% decline in September industrial production rebounded in October, and was up 3.7% year on year:
Italian industrial production rose in October for a second month in three on stronger demand for consumer goods such as washing machines and clothing.
Production rose 0.6 percent from September, when it declined 1.0 percent, the national statistics office Istat said today in Rome.
Production of durable goods for consumers rose 1.3 percent in the month, and output of food and beverages jumped 3.5 percent, while clothing production gained 3.7 percent from a month earlier, today's report showed. Production of automobiles gained 15.4 percent in October from a year earlier, Istat said.
But watch out for the future:
The appreciation of the euro may weigh on demand for EU exports in the coming months, slowing growth in 2007. The euro has gained 12 percent against the dollar this year, climbing to $1.3367 on Dec. 4, the highest since March 2005.
Italy Economy Real Time Data Charts
Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Italy related comment. He also maintains a collection of constantly updated Italy economy charts together with short text updates on a Storify dedicated page Italy - Lost in Stagnation?
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