The Italian industrial production index measures the output of industrial activities in Italy, including manufacturing, mining, and utilities, but excluding construction. It is a key economic indicator that provides insight into the health and performance of the Italian industrial sector. Industrial production is often measured in terms of the volume of goods produced over a certain period, typically on a monthly or quarterly basis.

The previous month the Italian industrial production index had printed at -1.5%. The negative figure indicated a decrease in the volume of goods produced by the Italian industrial sector, a contraction of 1.5% during the reported period. Today’s data shows an improvement m/m, but the three-month average is -0.5% compared to the previous quarter.

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This article was written by Gina Constantin at www.forexlive.com.