Skyline of Florence, Italy

Italy Industrial production January 2023

Italy: Industrial activity dips in January

Industrial output dropped 0.7% month-on-month in seasonally-adjusted terms in January (December: +1.2% mom). January’s notable downturn largely reflected a deterioration in manufacturing and electricity, gas, steam and air conditioning output.

On an annual basis, factory output rose 1.4% in January, rebounding from December’s 0.9% fall. Moreover, the trend improved, with the annual average growth of industrial production coming in at 0.7%, up from December’s 0.4% reading.

Commenting on the outlook, Paolo Pizzoli, senior economist at ING, stated:

“Looking ahead, we don’t expect an imminent substantial acceleration in production. […] The consolidation of gas prices at relatively low levels should in principle continue to help energy-intensive sectors, but at the same time the impact of past interest rate hikes should be increasingly visible on demand.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen