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Italian Industrial Production Slips Slightly In December

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Italy’s industrial sector showed gradual recovery signs in late 2025 after three years of contraction, per ISTAT data, though growth remains modest and uneven. December’s seasonally adjusted industrial production dipped 0.4% month-on-month, reversing November’s 1.5% gain, but annual output rose 3.2%—up from 1.4% in November—signalizing cautious optimism. Quarterly data revealed a 0.9% production increase in Q4 2025 over Q3, contributing to a 0.3% GDP expansion, suggesting supply-side stabilization amid broader economic challenges. Economists note the recovery is fragile, with December’s decline tempering stronger November gains, reflecting volatility in manufacturing and energy sectors. The trend aligns with broader Eurozone patterns, where post-contraction rebounds remain slow, requiring sustained demand to solidify growth momentum.
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ING Economic and Financial Analysis5.14K FollowersFollow5ShareSavePlay(4min)CommentsSummaryIndustrial output data, broadly in line with expectations, confirms that the sector has entered a recovery phase after three consecutive years of contraction though this is still very gradual.Seasonally adjusted industrial production fell by 0.4% month‑on‑month in December (following a 1.5% increase in November), according to the latest ISTAT release.The fourth quarter of 2025 showed a 0.9% increase in production versus the third quarter, which helped support the 0.3% GDP expansion in 4Q from the supply side. ronniechua/iStock via Getty Images By Paolo Pizzoli, Senior Economist, Italy, Greece Seasonally adjusted industrial production fell by 0.4% month‑on‑month in December (following a 1.5% increase in November), according to the latest ISTAT release. On a yearly basis, working‑day‑adjusted output increased 3.2% (from +1.4% in November).This article was written byING Economic and Financial Analysis5.14K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.

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