To add insult to injury, August’s figure was revised down to 0.2 per cent from 0.3 per cent.
The troubled nation fell into a triple dip recession in the first half of the year.
This Friday will see the release of official estimates for third-quarter GDP growth, which economists expect to show the Italian economy is still contracting.
A survey of Italian manufacturers – the purchasing managers’ index (PMI) compiled by Markit – shows industrial production was likely still weak in October as manufacturing is a major component of industrial production.
The manufacturing PMI scored 49 for October. Because it is below 50, this signifies a contraction. Movements in the manufacturing PMI have been consistent in predicting a recent downturn in industrial production.
Italy’s economic deterioration is in marked contrast to Spain’s, whose economy is showing renewed signs of life after joining Italy in a particularly sharp dip.