Output Of Leather And Footwear Industry In Italy Dropped By 22.6% In August

Italy's Statistics Bureau (Istat) announced on Wednesday that Italy's industrial output rose by more than 3% in August, with the increase in textile, clothing and plastics output, the biggest annual rate since December 2006.

The value was increased by 0.4% in July.

According to the Statistics Bureau, industrial output increased by 1.3% per month, higher than market expectations.

The monthly rate of increase in July was 0.3%.

A survey of economists shows that the market expects Italy's industrial output rate to rise by 0.5% in August, an annual rate of 0.5%.

Italy Statistics Bureau said that in August this year is a special month. Many factories are closed because of their vacation. If there are factories working overtime, even if the time is short, the data will fluctuate.

The statistics bureau also indicated that textile and garment output increased by 18.7%, which is the biggest driving force for the annual increase of industrial output.

In August, the output of leather and footwear industry in Italy dropped by 22.6%.

According to the monthly rate, the output of textile and clothing increased by 4.3%, and the output of plastics increased by 5.2%. The three industries jointly promoted the rise of industrial output.

Oil refining output fell by 3.1%.

Italy energy output increased by 3.9% annually in August, and the monthly rate dropped by 1%.

Industrial output accounts for almost 1/3 of Italy's gross domestic produc share.

From January to August this year, the output of Italy's oil refining industry increased by 8.2% over the same period last year, pushing industrial output up by 0.9%.

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