Table of Contents:
Overview of industrial production
In November 2024, Istat recorded an increase of 0.3% in the seasonally adjusted index of industrial production compared to the previous month. This result was positively influenced by the increase in the energy sectors, which saw an increase of 1.6%, and consumer goods, with 0.9%. However, despite this monthly increase, the September-November quarter showed a contraction of 0.4% compared
to the previous three months.
Sectorial analysis
Examining the data net of calendar effects, it emerges that in November 2024 the overall industrial production index decreased by 1.5% on an annual basis. This decline was influenced by the number of working days, which were 20 against 21 in November 2023. In detail, the energy sector saw a trend increase of 4.3%, while consumer goods grew by 2.6%.
On the contrary, intermediate and capital goods registered a decrease of 2.5% and 4.9% respectively.
Growing sectors
Among the economic sectors, the supply of electricity, gas, steam and air increased by 7.6%, followed by the production of basic pharmaceutical products and pharmaceutical preparations with 5.1%, and by the food, beverage and tobacco industries with 4.5%. These data suggest a recovery in some key sectors, despite general market difficulties.
Impact of cryptocurrencies in the banking sector
Another significant event occurred on, when Intesa Sanpaolo entered the world of cryptocurrencies by buying 11 bitcoins worth about one million euros. This represents a historic step, being the first Italian bank to make a direct investment in cryptocurrencies. The news was confirmed by the institute after an initial leak on 4Chan, highlighting the growing interest of financial institutions in new technologies and the opportunities offered by cryptocurrencies
.
