The industrial production Italian. To say it is theIstat, according to which in 2016 production recorded a growth of 1,6% on an annual basis. This figure has exceeded analysts' expectations and represents the largest increase in our industry since 2010. In 2015, the data, considered a good anticipator of the GDP trend, showed an increase of 1,1%.
The seasonally adjusted manufacturing index rose by 1,4% in December after a quarter-on-quarter increase of 0,8% (revised from 0,7%) in November. This is the largest increase since August.
The working day adjusted index was up 6,6% year on year from +3,3% (revised from 3,2%) in November. This is the largest rise since August 2011, reports Istat. On average for the October-December quarter, production increased by 1,3% compared to the previous quarter.
Among the compartments, the industrial production of means of transport runs. On the basis of data corrected for calendar effects, there was an increase in production of 5,1% over 2015 in the whole year, while in December there was a growth of 12,2% (again data excluding the calendar) on an annual basis and by 2,1% on November (seasonally adjusted data).
Food is also doing very well, recording a record leap of 6% compared to last year thanks to the Christmas holidays, with expenses at the table representing the main component of the household budget. According to Coldiretti, the total expenditure to lay the Christmas and New Year's tables was 4,4 billion euros, 2% more than last year, according to the analysis by Coldiretti.
The trend of industrial and manufacturing production was not as positive French, which in December showed a decrease of 0,9% after the +2,4% revised upwards of the previous month (+2,2% the preliminary figure). Manufacturing production also fell, showing a contraction of 0,8% after the +2,4% reported in October.
In UK UK industrial production slowed down in December, while manufacturing accelerated.
The latest data released by the National Statistics Institute of Great Britain (ONS) indicate that the industrial production index recorded a 1,1% month-on-month increase in December after a revised +2% in the month previous year, thus marking a slowdown compared to November. The trend data marks a +4,3% after the +2,2% of the previous month. L
Manufacturing production accelerates, showing a monthly increase of 2,1% after +1,4% in November and against the +0,5% of the consensus. At an annual level, there was a positive change of 4% (+1,8% market expectations) after the +1,7% of the previous month.
