According to the report from Istat, in January 2020 the seasonally adjusted industrial production index increased by 3.7% compared with the previous month. Economists had expected a 1.6% increase. The change of the average of the last three months with respect to the previous three months was -0.9%.

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 using the Ateco 2007 classification (Italian edition of Nace Rev. 2).

The calendar adjusted industrial production index decreased by 0.1% compared with January 2019 (calendar working days in January 2020 being 21 versus 22 days in January 2019).

The unadjusted industrial production index decreased by 3.2% compared with January 2019.