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Italy Industrial production April 2024

Italy: Industrial output drops again in April

Industrial output slid 1.0% month on month in seasonally adjusted terms in April (March: -0.5% mom). April’s figure was largely due to a bigger contraction in manufacturing output. In contrast, mining and quarrying production rebounded.

On an annual basis, industrial output dropped 2.8% in April, a less pronounced than March’s 3.2% fall. Accordingly, the trend improved, with the annual average variation of industrial production coming in at minus 2.4%, up from March’s minus 2.7% reading.

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