"2023 ends with a decrease in industrial production compared to the previous year of 2.5%".
Istat communicates this in its comment on the estimates of industrial production where it specifies that "the trend dynamics of the index corrected for calendar effects was negative for almost all months of 2023".
According to Istat estimates, in December 2023 the seasonally adjusted index of industrial production increased by 1.1% compared to November while, net of calendar effects, industrial production in the month of December alone decreased by 2. 1% compared to December 2022 (there were 18 working days compared to 20 in December 2022).
On average in the fourth quarter there was a decline of 0.5% compared to the previous three months.
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