Italy Industry August 2021

Italy

Italy: Industrial output dips in August

October 11, 2021

Industrial output decreased 0.2% month-on-month in seasonally-adjusted terms in August (July: +1.0% mom). Looking at the details of the release, August's downturn was largely driven by a fall in manufacturing output. Furthermore, production also contracted in both the mining and quarrying, and electricity, gas, steam and air conditioning sub-sectors.

On an annual basis, industrial output was flat in August, which was notably below July’s 7.2% expansion. Meanwhile, annual average growth of industrial production was 8.9% in August, matching July's result.

FocusEconomics Consensus Forecast panelists project industrial production to expand 11.3% in 2021, which is down 0.2 percentage points from last month’s forecast. In 2022, the panel see industrial production growth at 3.7%, which is down 0.1 percentage points from the previous month’s estimate.


Author:, Junior Economist

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Italy Industry August 2021

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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