Italy's construction output expanded for the fourth straight month in November, according to the provisional data released by the statistical office Istat on Friday. Construction production advanced a seasonally adjusted 1.0 percent month-on-month in November, though slower than the 1.3 percent increase in the previous month. The annual growth in construction output also moderated to 1.5 percent in November from 2.7 percent a month ago. On an unadjusted basis, construction production rose 1.5 percent annually versus a 6.3 percent strong recovery in October. During the first eleven months of 2023, total construction production contracted by 1.2 percent compared to the same period last year. |
Published: 2024-01-19 13:34:00 UTC+00