According to the report from the National Institute of Statistics (ISTAT), industrial sales increased by 2.4% in November after an increase by 2.9% in October (revised from +2.8%). Economists had expected sales growth by 1.1%. Industrial sales increased in November by 2.2% in the domestic market and by 2.7% in the foreign market.
As for industries, in November sales increased in the energy sector (+4.0%), the intermediate goods sector (+3.1%), the consumer goods sector (+2.4%) and the capital goods sector (+1.1%).
Meanwhile, from September to November, industrial sales increased by 3.5% compared to the previous three-month period. Sales in the domestic market increased by 4.7%, while sales in the foreign market increased by 1.5% compared to the previous three-month period.
The data also showed that in annual terms, industrial sales jumped by 22.2% in November after an increase by 17% in October (revised from +16.9%). Industrial sales increased by 24.7% in the domestic market and by 17.3% in the foreign market.