Italy industry output jumps 2.8% m/m in September, well above expectations

ROME (Reuters) -Italian industrial output climbed 2.8% in September from the month before, data showed on Wednesday, offering some hope to the country's long-struggling manufacturing sector.

A Reuters survey of 12 analysts had pointed to a 1.5% increase.

National statistics agency ISTAT revised August's data down to a 2.7% decrease from an originally reported 2.4% drop.

On a work day-adjusted year-on-year basis, industrial output rose 1.5% in September versus a forecast for a 0.5% decrease, following a 3.0% fall in August revised from an originally reported 2.7% drop.

Both the month-on-month and year-on-year increases in September were the steepest in the last two years at least.

ISTAT gave the following details

INDUSTRIAL PRODUCTION SEP AUG JULY

Mth/mth pct change (adjusted) 2.8 -2.7r 0.4

Yr/yr pct change (adjusted) 1.5 -3.0r 0.9

Yr/yr pct change (unadjusted) 4.6 -6.0r 0.9

r=revised

(Reporting by Antonella Cinelli, editing by Giulia Segreti)