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Italian IP Stronger Than Expected in Oct

ITALY DATA
MNI (London)
  • Oct SA industrial output +1.3% m/m (Sep rev'd up to -5.1% m/m), WDA -2.1% y/y
  • Oct industrial production came in stronger than markets expected (BBG: +1.0% m/m)
  • Oct SA industrial output m/m was -2.2% Feb '20 pre-Covid crisis level--ISTAT
  • Oct Wda Ind output y/y was -2.1% Feb '20 pre-Covid crisis level--ISTAT
  • Oct SA m/m consumer, capital, intermed. gds rose; energy fell—ISTAT
  • Oct WDA y/y consumer, capital, intermed. gds, energy all down--ISTAT
  • There were 22 working days in Oct 2020 vs. 23 in Oct 2019.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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