According to the report from Istat, in October 2020 the seasonally adjusted industrial production index increased by 1.3% compared with the previous month. Economists had expected a 1.1% increase. The change of the average of the last three months with respect to the previous three months was +11.7%. The index measures the monthly evolution of the volume of industrial production (excluding construction). With effect from January 2018 the indices are calculated with reference to the base year 2015.
The calendar adjusted industrial production index decreased by 2.1% compared with October 2019 (calendar working days being 22 versus 23 days in October 2019).
The unadjusted industrial production index decreased by 5.1% compared with October 2019.