Italy Industry February 2018


Italy: Industrial production contracts again in February

April 10, 2018

Industrial output contracted 0.5% in February on a month-on-month, seasonally adjusted basis, a softer decline than January’s revised 1.8% fall (previously reported: -1.9% month-on-month). February’s decrease came on the back of a contraction in the important manufacturing sub-sector, while the mining and quarrying and electricity, gas, steam and air conditioning sub-sectors rebounded from the previous month.

On an annual basis, industrial production expanded 2.5% in February, decelerating notably from January’s 4.4% rise and marking the worst result in ten months. Meanwhile, annual average growth in industrial output remained unchanged at January’s 4.1%.

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 February 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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