Italian Industrial and Construction Producer Prices – November 2023

In November 2023, Italy witnessed a 0.9% monthly decrease and a 12.6% annual drop in industrial producer prices, intensifying from October. On the domestic front, prices fell by 1.2% monthly and 16.3% annually. Excluding energy, prices exhibited a 0.2% monthly and 1.6% annual decline. Internationally, prices dipped by 0.2% monthly and 1.2% annually.

In the September-November 2023 quarter, industrial producer prices rose by 1.6%. Among manufacturing activities, pharmaceuticals and electronics saw the highest annual increases, while chemicals and metallurgy experienced significant declines. Construction prices for residential and non-residential buildings remained stable, with a slight uptick in roads and railways.

The overall decrease in industrial prices was attributed to energy price drops, marking a shift from the positive trend observed since August.