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Industrial production in Italy gains steam in November

Staff Writer |
Industrial output in Italy grew 0.7% in November on a month-on-month seasonally-adjusted basis, an acceleration from the 0.1% expansion registered in October.

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All three sub-sectors grew more strongly than in the previous month: the electricity, gas, steam and air conditioning, the quarrying and mining and the manufacturing sub-sectors, with the latter swinging from contraction to growth.

On an annual basis, industrial production expanded a working-day adjusted 3.2% in November, accelerating from October’s 1.3% growth.

Annual average growth in industrial output also grew from 1.1% in October to a six-month high of 1.3% in November.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.2% in 2017, which is unchanged from last month’s forecast.

For 2018, panelists expect industrial output to expand 1.0%.

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