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Italy industrial output rebounds in September but third quarter weak

Reuters
Italy industrial output rebounds in September but third quarter weak

ROME, Nov 11 (Reuters) - Italian ‌industrial output rose 1.2% in September from the previous month ​after ‌an unexpected 1.2% drop in August, national ‌statistics bureau ISTAT reported on Wednesday, offering some relief to the country's ‌long-struggling manufacturing sector.

• A Reuters survey of 17 analysts had pointed to a month-on-month rise of 0.8% in September

• In the ⁠third quarter average industrial output was ‌down 0.4% following a ⁠0.3% rise in the previous three months

• ​August data was revised up marginally from an originally reported -1.3%

• On a ​work day-adjusted year-on-year basis, output fell ​0.1% ‌in September following a 0.2% rise in ​August, revised from an originally ⁠reported flat reading

• The Italian ‌economy was ​flat in the third ​quarter after holding up better than many analysts expected in the first half of this year

• Prime Minister Giorgia ‌Meloni's government last month hiked its economic growth outlook to 1% for this ‌year ​and 0.8% for 2027, from previous targets of 0.6%

• In 2025, Italy's GDP grew by 0.6%

(Reporting by Antonella Cinelli, graphic by ‌Stefano Bernabei, editing by Alvise Armellini)