On average, over the period from June to August, industrial production decreased by 0.1% compared to the previous three months. (AP Photo/Luca Bruno)
Photo: KEYSTONE/AP/LUCA BRUNO
Industrial production in Italy recorded a slight increase of 0.1% in August compared to July, after a decline the previous month, the National Institute of Statistics (Istat) said on Thursday.
On average, over the period from June to August, industrial production decreased by 0.1% compared to the previous three months.
It fell by 0.9% in July after increasing by 0.5% in May and June.
The energy sector saw its production increase in August over one month by 2.3% and consumer goods by 2.8%. On the other hand, intermediate goods fell by 2.8% and capital goods by 2.5%.
Compared to August 2023, industrial production fell by 3.2%, in data adjusted for calendar effects.
The peninsula saw its gross domestic product (GDP) increase by 0.2% in the second quarter compared to the previous one, driven by the services sector, after posting growth of 0.3% during the first three months of the year.
For the year as a whole, Giorgia Meloni’s government is still counting on an increase in GDP of 1%, while Istat has revised downwards the growth achieved at the end of June, to 0.4%, against 0.7% previously.
/ATS
