Yr-on-Yr Italian Industrial Production Down for 22nd Month

Rome: Istat said Tuesday that its calendar-adjusted industrial-production index dropped by 1.5% in November 2024 with respect to the same month in 2023 for the 22nd consecutive year-on-year fall. The national statistics agency added that industrial production was up slightly in month-on-month terms in November, with the seasonally-adjusted index up by 0.3% on October.

According to Ansa News Agency, this persistent decline in the year-on-year industrial production highlights ongoing challenges within the Italian industrial sector. Despite the slight improvement in the month-on-month index, the overall trend continues to show a decrease, marking nearly two years of consistent decline.