Italy Industry December 2018


Italy: Industrial production contracts again in December

February 8, 2019

Industrial output contracted 0.8% in December on a month-on-month, seasonally-adjusted basis, following November’s revised 1.7% contraction (previously reported: -1.6% month-on-month). December’s fall came on the back of a sizable contraction in the manufacturing, and electricity, gas, steam and air conditioning sectors. In contrast, mining and quarrying production rebounded. Within the manufacturing sector, the production of pharmaceuticals and textile products registered the sharpest declines, while the production of electrical equipment grew significantly.

On an annual basis, industrial production plummeted 5.5% in December, following November’s 2.6% fall, and marking the worst contraction in close to six years. Meanwhile, annual average growth in industrial output declined to 0.7% in December, from 1.6% in November, the weakest reading in over three years.

Italy Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production growing 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect industrial output to expand 1.3%.

Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to Industry in Italy? Download a sample report now.


Italy Industry Chart

Italy Industry December 2018

Note: Month-on-month changes of seasonally-adjusted industrial production and annual growth rate in %.
Source: National Statistical Institute (Istat) and FocusEconomics calculations.

Italy Economic News

More news

Search form