Overview

• Istat reported industrial production fell 2.4% from July and 2.7% from a year earlier on a calendar-adjusted basis.
• The monthly decline was broad-based across main groups: energy down 0.6%, consumer and intermediate goods down 1.2% each, and capital goods down 2.2%.
• Average output in the June–August period decreased 0.6% compared with the prior three months.
• Year over year, capital goods rose 0.7% and intermediate goods 0.2% while consumer goods fell 2.3% and energy 8.6%, with pharmaceuticals up 16.1%, transport equipment up 9.9%, refined petroleum up 7.1%, and electricity and gas supply down 13.5%.
• The year-on-year comparison is adjusted for one fewer working day in August 2025, and Il Fatto notes the energy drop may reflect weaker industrial energy use as M5S legislators criticized the government’s messaging.