MILAN — Industrial production in Italy dropped in September from August with manufacturing of nondurables, such as apparel, falling slightly less.
The Italian National Institute of Statistics, or Istat, reported that overall production, adjusting for seasonal differences and excluding construction, fell 4.8 percent in September, while nondurables dropped 4.5 percent month-over-month. The September decline in nondurables was 7.2 percent compared to September 2010.
Since 2009, Istat has used 2005 as the reference point for its industrial production calculations. With the baseline of 100, the September 2011 nondurables reading was 95.3, down from 99.8 in August and 102.7 in September 2010.
These figures arrived as the European Commission revised earlier predictions of Italian growth for 2012, suggesting that the country’s gross domestic product would stagnate in the coming year.
Italian Prime Minister Silvio Berlusconi is expected to step down early next week, and his impending departure is closely tied to the country’s worsening debt crisis and economic woes. Mario Monti, president of the Bocconi University business school in Milan and a former European commissioner, is considered most likely to take the reins of Berlusconi’s center-right political party.