2023.12.2112:19:00UTC+00Italy Construction Output Grows For Third Month

Italy's construction output expanded for the third straight month in October, according to the provisional data released by the statistical office Istat on Thursday.

Construction production advanced a seasonally adjusted 0.6 percent month-on-month in October, faster than the 0.2 percent increase in the previous month.

On a yearly basis, construction output climbed 1.6 percent in October after remaining flat in the prior month.

On an unadjusted basis, construction production recovered strongly by 5.2 percent versus a 3.4 percent fall in September.

During the first ten months of 2023, total construction production contracted by 1.5 percent compared to the same period last year.