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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ITALY DATA
MNI (London)
ITALY SEP SA IND OUTPUT -1.8% M/M (FCST -1.5%); AUG +2.3% M/M
ITALY SEP IND OUTPUT WDA -0.5% Y/Y(FCST +1.0); AUG +2.9% Y/Y
- Italian industrial production contracted more sharply than anticipated in September, falling by -1.8% m./m and -0.5% y/y following robust growth in August.
- Capital and consumer goods production was largely flat, whilst intermediate and energy goods contracted by -2.7% m/m and -1.8% m/m. Italian industry is anticipated to be a downward pull on growth into year-end, in line with the PMI sliding further into contractive territory since July. Weak demand is feeding into sharp declines in output and new orders, leaving outlooks remaining gloomy.
- Eurozone aggregate industrial production is due on Monday, which will see a small boost from the upside surprise in German data, which signalled buoyant consumer goods and capital goods production. The contractions recorded across France, Italy and Spain will largely outweigh this, leading to a substantial slowdown for the bloc in September.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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