Italian industrial production grows sequentially in November

The Italian industrial production rebounded in November on a monthly basis. On a seasonally adjusted basis, the industrial production index rose 0.1 percent sequentially, as compared with prior month’s fall of 0.3 percent and consensus expectations of 0 percent. The change of the average of the last three months with respective to the prior three months was -0.7 percent.

Meanwhile, on a year-on-year basis, the industrial production index dropped 0.6 percent, a slight improvement from prior month’s fall of 2.4 percent. Consensus expectations were for a fall of 0.6 percent.

The unadjusted industrial production index dropped 3.7 percent year-on-year in November.