Industryweek 3687 Italian Flag
Industryweek 3687 Italian Flag
Industryweek 3687 Italian Flag
Industryweek 3687 Italian Flag
Industryweek 3687 Italian Flag

Italy's Industrial Output Sinks to Record Low

Feb. 8, 2013
"This was a year of suffering for Italian industry," an Istat official was quoted as saying by Dow Jones Newswires.

MILAN -- Italy's industrial output shrank 6.7% in 2012 from 2011 to a record low, official data released by the Istat agency on Friday showed.

Industrial production was at its lowest level since Istat began keeping production records in 1990.

"This was a year of suffering for Italian industry," an Istat official was quoted as saying by Dow Jones Newswires.

For the month of December alone, industrial production rose 0.4% from November — slightly higher than the increase of 0.3% that had been forecast by analysts.

Analysts had expected a 6.6% drop for year.

The Istat official said the December rise could be seen as "a timid positive sign.”

Italy's economy, the third-biggest in the eurozone, has been in recession since the third quarter of 2011 and is expected to stay in recession this year although a slight recovery is expected in the second half of the year.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!