Italy’s industrial production increased by 1.5% month-on-month in November 2025, beating market forecasts of a 0.5% rise and recovering from a 1% fall in October. Output rebounded for capital goods (2.1% vs -0.9% in October), consumer goods (1.1% vs -1.6%), and intermediate goods (0.1% vs -0.2%), while energy production grew faster (3.9% vs 0.7%). On a yearly basis, industrial output rose by 1.4%, defying market expectations of a 0.6% drop and following a downwardly revised 0.2% fall in October. Annual gains were recorded in capital goods (3.3% vs -0.7%), energy (2% vs -0.2%), and intermediate goods (1% vs 1.1%), while consumer goods decreased at a slower pace (-0.8% vs -1.8%). The strongest growth was observed in the production of basic pharmaceutical products and pharmaceutical preparations (8.7%), computers, electronic and optical products, electromedical equipment, measuring instruments, and watches (5.8%), and electrical and non-electrical household appliances (5.1%).