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Italy Industrial production May 2023

Italy: Industrial output expands at quickest pace since August 2022 in May

Industrial production rose 1.6% month-on-month in seasonally-adjusted terms in May (April: -2.0% mom). The result marked the best reading since August 2022. The turnaround came on the back of recoveries in manufacturing and electricity, gas, steam and air conditioning production.

On an annual basis, industrial production fell at a softer rate of 3.7% in May (April: -7.4% yoy). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.0%, down from April’s minus 1.4%.

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