According to the report from Istat, in July 2020 the seasonally adjusted industrial production index increased by 7.4% compared with the previous month. Economists had expected a 4.4% increase. The change of the average of the last three months with respect to the previous three months was 15.0%. The index measures the monthly evolution of the volume of industrial production (excluding construction).
The calendar adjusted industrial production index decreased by 8.0% compared with July 2019 (calendar working days in July 2020 being the same as in July 2019).
The unadjusted industrial production index decreased by 8.0% compared with July 2019.