Global| Oct 13 2003Industrial Production in Italy Rises in August for Third Month
Summary
Industrial production in Italy rose 0.1% in August, after a revised 1.8% rise in July and a 0.6% rise in June. Although the rise was small, consensus estimate had expected a decline. A sharp rise in electricity usage as a result of [...]
Industrial production in Italy rose 0.1% in August, after a revised 1.8% rise in July and a 0.6% rise in June. Although the rise was small, consensus estimate had expected a decline.
A sharp rise in electricity usage as a result of the unusually severe summer heat wave contributed to the increase in the energy sector, which rose 1.1% in August and was 7.4% above a year ago.
Consumer goods production showed a mixed picture with durable goods production up 1.8%in the month but 0.5% below year ago levels while nondurable goods production declined 1.3% in August, but was 1.1% above year ago levels.
Production of intermediate goods declined 0.6% in August and was 0.5% below a year ago indicating little demand coming from inventory building. Finally, the production of investment goods rose 0.8% in August but was unchanged from a year ago.
| Industrial Production (2000=1000) | AUG 2003 | JULY 2003 | JUN 2003 | M/M % |
Y/Y % |
2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|
| Total | 98.4 | 98.3 | 97.7 | 0.10 | 0.72 | 97.8 | 99.2 | 100.0 |
| Consumer goods | 99.1 | 99.9 | 98.0 | -0.80 | 1.12 | 98.3 | 100.5 | 100.0 |
| Durable goods | 94.9 | 93.2 | 95.4 | 1.82 | -0.52 | 96.0 | 99.1 | 100.0 |
| Nondurable goods | 100.5 | 101.8 | 99.4 | -1.28 | 1.11 | 99.0 | 100.8 | 100.0 |
| Intermediate goods | 94.5 | 95.1 | 95.0 | -0.63 | -0.53 | 95.5 | 98.2 | 100.0 |
| Investment goods | 98.1 | 97.3 | 98.1 | 0.82 | 0.0 | 97.7 | 99.0 | 100.0 |
| Energy | 111.9 | 110.7 | 104.6 | 1.08 | 7.39 | 103.8 | 99.6 | 100.0 |
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