Italy Industry September 2022

Italy

Italy: Industrial activity dips in September

November 22, 2022

Industrial output slid 1.8% in month-on-month seasonally-adjusted terms in September, which contrasted August's 2.3% increase. The reading reflected a broad-based downturn across the major sectors, with manufacturing, mining and quarrying and electricity, gas, steam and air conditioning all contracting in September.

On an annual basis, industrial output decreased 0.5% in September, contrasting August’s 2.9% expansion. Accordingly, annual average industrial production growth fell to 2.0% in September (August: +2.5%), which marked an over one-year low.

FocusEconomics Consensus Forecast panelists see industrial production falling 0.8% in 2023, which is down 0.3 percentage points from last month’s forecast. For 2024, panelists expect industrial output to expand 2.1%


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Italy Industry September 2022

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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