Italy Industry September 2016

Italy

Italy: Industrial production decelerates notably in September

In September, industrial output in Italy dropped 0.8% from the previous month, contrasting August’s revised 1.8% increase (previously reported: +1.7% month-on-month). The reading marked a 13-month low but beat market expectations of a more pronounced 1.0% drop. The decrease was due to manufacturing sector swinging from an expansion to a drop. Conversely, growth in both the mining and quarrying sector and the electricity, gas, steam and air conditioning sector accelerated.

On an annual basis, industrial production expanded a working-day adjusted 1.8% in September, decelerating from August’s revised 4.4% growth (previously reported: +4.1% year-on-year). The overall trend remained stable as annual average growth in industrial output in September matched August’s 1.2% reading.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.0% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect industrial output to expand 1.2%, which is up 0.1 percentage points from last month’s projection.


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Italy Industry Chart


Italy Industry September 2016

Note: Month-on-month changes of seasonally-adjusted industrial production and annual growth rate in %.
Source: National Statistical Institute (Istat) and FocusEconomics calculations.


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