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.