Italian industrial production fell sharply in December



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Italian industrial production fell sharply in December



INDUSTRIAL production in Italy fell in December 2019, the strongest in the last two years, according to data from the Italian statistical office ISTAT.

Industrial production fell 2.7 percent in the last month of last year, compared to November, when it stagnated.



December's decline is the largest since January 2018, when production sank 3.2 percent.

According to data adjusted for calendar variations and the number of working days, production sank 4.3 percent annually, after a 0.8 percent decrease in the previous month.

Decline in all sectors

Manufacturing recorded a 4.2 percent decline in December compared to the same period a year earlier.

In mining and quarrying, stone production sank as much as 10.4 percent, while the fall in the electricity, gas, hydro and air conditioning sectors was 5.3 percent.

The decrease was recorded in all sectors, including intermediate goods, energy, capital goods and services.

According to unadjusted data, industrial production in Italy fell 1.3 percent year-on-year in December from a 3.8 percent decline in the previous month.

In the fourth quarter, it was down 1.4 percent from the previous three months. It has fallen 1.3 percent throughout 2019.

Italian industrial production fell sharply in December

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