Key facts
- Italian industrial output rose 1.2% month-on-month in September, ISTAT reported, after a 1.2% drop in August.
- A Reuters survey of 17 analysts had pointed to a 0.8% month-on-month rise in September.
- Third quarter average industrial output was down 0.4% following a 0.3% rise in the previous three months.
- Work day-adjusted year-on-year output fell 0.1% in September after a revised 0.2% rise in August.
- The Italian economy was flat in the third quarter, ISTAT reported.
- Meloni's government last month raised its 2026 growth outlook to 1% and its 2027 target to 0.8%.
Italian industrial output rose 1.2% in September from the previous month, national statistics bureau ISTAT reported on Wednesday, after an unexpected 1.2% drop in August. A Reuters survey of 17 analysts had pointed to a month-on-month rise of 0.8%.
August data was revised up marginally from an originally reported 1.3% drop. 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 monthly gain did not lift the quarterly picture. In the third quarter average industrial output was down 0.4% following a 0.3% rise in the previous three months. The Italian economy was flat in the third quarter after holding up better than many analysts expected in the first half of the 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%.