Industrial production in November fell by 1% compared to October while on an annual basis it fell by 7,6%. The Istat detects it. In detail, in November the seasonally adjusted index of industrial production decreased by 1% compared to the previous month. On average for the September-November quarter, the index recorded a decrease of 1,7% compared to the previous quarter.
Corrected for calendar effects, in November the index decreased by 7,6% in trend terms (there were 21 working days as in November 2011). On average for the first eleven months of the year, production was 6,6% lower than in the same period of the previous year. The trend - Istat specifies - records the fifteenth consecutive decline.
In November, the indices adjusted for calendar effects show negative trends in all the main industrial groupings. The most marked decrease concerns intermediate goods (-9,8%) but significant drops are also recorded for energy (-7,7%), capital goods (-7,2%) and consumer goods (-5,6 .XNUMX%).
Even in the trend comparison, decreases are recorded in all sectors of the industry. The largest decreases concern the manufacture of rubber and plastics items, other non-metallic mineral products (-16,9%), the manufacture of electrical appliances and non-electrical household appliances (-10,5%) , the supply of electricity, gas, steam and air (-9,3%) and metallurgy and the manufacture of metal products, excluding machinery and equipment (-8,4%).
