Italy Industry September 2021

Italy

Italy: Industrial output rebounds in September

November 10, 2021

Industrial output increased 0.1% in month-on-month seasonally-adjusted terms in September, which contrasted August's 0.3% decrease. September's turnaround largely reflected improvements in manufacturing, mining and quarrying and electricity, gas, steam and air conditioning output.

On an annual basis, factory output rose 4.4% in September (August: -0.1% yoy). Accordingly, the trend improved significantly, with the annual average growth of industrial production coming in at plus 9.8%, up from August's 8.9% reading.

FocusEconomics Consensus Forecast panelists project industrial production to expand 3.3% in 2022, which is down 0.4 percentage points from last month’s forecast. In 2023, the panel see industrial production growth at 2.2%.


Author:, Junior Economist

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Italy Industry September 2021 0

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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