Italy Industry June 2018


Italy: Industrial production continues to expand at a solid pace in June

August 3, 2018

Industrial output expanded 0.5% in June on a month-on-month, seasonally-adjusted basis, following May’s revised 0.8% increase (previously reported: +0.7% month-on-month). June’s rise came on the back of an expansion in the manufacturing sector, which more than offset contractions in the electricity, gas, steam and air conditioning; and mining and quarrying sub-sectors. Within the manufacturing sector, the production of pharmaceutical products and means of transport posted the strongest performances.

On an annual basis, industrial production expanded 1.7% in June, decelerating from May’s revised 2.2% rise (previously reported: +2.1% year-on-year). Meanwhile, annual average growth in industrial output declined to 3.6% from May’s 4.0%.

Italy Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production growing 1.6% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect industrial output to expand 1.5%.

Author: Massimo Bassetti, Senior Economist

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Italy Industry Chart

Italy Industry June 2018

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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