| Italy : Industrial Production |
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Released On 1/14/2013 4:00:00 AM For Nov, 2012
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Prior | Prior Revised | Consensus | Actual |
| Month over Month | -1.1 % | | -0.1 % | -1.0 % | | Year over Year | -6.2 % | -6.1 % | | -7.6 % |
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Highlights
Following an unrevised 1.1 percent decline in October, industrial production fell a further 1.0 percent on the month in mid-quarter. The third (sizeable) decline in as many months left workday adjusted output some 7.6 percent below its year ago level and production over the latest three months 1.7 percent below the previous period.
Apart from consumer goods which saw a minimal 0.1 percent gain, output fell on the month across the board. Capital goods dropped 1.3 percent, intermediates were off 1.2 percent and energy was down 2.1 percent.
November's decline leaves production at its weakest level since April 2009 and with December's surveys maintaining a generally gloomy tone, seemingly guarantees yet another contraction in real GDP last quarter.
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Definition
Industrial production measures the physical output of the nation's factories, mines and utilities.
Why Investors Care
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