According to data released by Italy's national statistics office ISTAT on Friday, the country's industrial production fell unexpectedly by 1.3% in August compared to the previous month, after a 0.6% increase in July. Analysts had anticipated that output would remain flat.
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Year-on-year, industrial production showed no change in August, following a 0.1% decline in July. However, on an unadjusted basis, there was a 3.1% growth compared to the same month last year, rebounding from a 0.1% drop observed in the prior month.
In August, all sectors of industrial production saw contractions except for energy. The most significant decrease was in intermediate goods, which dropped by 1.8%. Consumer goods production fell by 1.2%, while capital goods output declined by 0.9%.