Italian Industrial Output August 2007

Italian industrial production rose the most in eight months in August, led by a surge in consumer goods such as washing machines and cars, according to data released by the Rome-based statistics office Istat earlier today.

Production rose 1.3 percent from the previous month, when it gained a revised 0.3 percent, . Economists predicted an increase of 0.6 percent, according to the median of 26 forecasts in a Bloomberg News survey. Production rose a workday adjusted 3.0 percent from a year earlier.




Italy's overall output of consumer goods rose 3.6 percent in the month, while durable goods, which include washing machines and refrigerators, increased 3.2 percent. Intermediate goods added 1.8 percent from July. The production of capital goods - tools and machinery used to make other items - fell 0.2 percent. This data is, remember from August, and other indicators we already have from September - the manufacturing PMI for example - are already indicating that the happy picture reflected for August in these charts has not been maintained.