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Italy Industry March 2021

Italy: Industrial activity dips slightly in March

Industrial production declined 0.1% month-on-month in seasonally-adjusted terms in March (February: +0.1% mom). The reading was partly driven by a deterioration in manufacturing production. In contrast, mining and quarrying production rebounded.

On an annual basis, industrial production rose 37.7% in March (February: -0.8% yoy), the best result on record. That said, the reading was partly flattered by a favorable base effect. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 5.4% in March, up from February’s minus 11.0% reading.

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