Italy industrial production falls 0.5 percent in March

Nathan Andrada – Fourth Estate Cooperative Contributor

Rome, Italy (4E) – Industrial production in Italy dropped in March for a second month, primarily due to a decline in consumer goods and energy output.

On a seasonally adjusted basis, industrial output in the euro area’s third-largest economy fell 0.5 percent, according to a report by national statistics institute Istat released Friday.

The decline was driven by a 3.2 percent monthly fall in consumer goods output and a 0.5 percent fall in energy production, largely because of the warmer weather, Istat said.

In March, Italian industrial production was down 0.4 percent in March from the previous year in workday-adjusted terms, due to a decline in energy output by 12.1 percent, Istat said.

The country’s industrial output slid 0.4 percent in February month-over-month and climbed 0.4 percent year-over-year.

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