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- Italian industrial production rose less than expected in February
Italian industrial production rose less than expected in February
According to the report from ISTAT, in February 2021 the seasonally adjusted industrial production index increased by 0.2% compared with the previous month. Economists had expected a 0.7% increase. The change of the average of the last three months with respect to the previous three months was +0.6%.
The index measures the monthly evolution of the volume of industrial production (excluding construction). With effect from January 2018 the indices are calculated with reference to the base year 2015 using the Ateco 2007 classification (Italian edition of Nace Rev. 2).
The calendar adjusted industrial production index decreased by 0.6% compared with February 2020 (calendar working days in February 2021 being the same as in February 2020).
The unadjusted industrial production index decreased by 1.3% compared with February 2020
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