Italy Industry

Italy

Italy: Industrial production contracts in August

October 9, 2015

In August, industrial output fell a seasonally-adjusted 0.5% over the previous month, contrasting the 1.1% increase tallied in July. August’s reading undershot market expectations of a 0.3% fall. The result was driven by significant declines in electricity, gas, steam and air conditioning as well as manufacturing. Conversely, the mining and quarrying sector improved.

On an annual basis, industrial production expanded a working-day adjusted 1.0% in August, which was below the 2.8% increase tallied in July. Annual average growth in industrial output inched up from July’s minus 0.2% to zero growth August.

FocusEconomics Consensus Forecast panelists see industrial production increasing 0.3% in 2015, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists expect industrial output to pick up the pace and expand 1.5%.


Author:, Economist

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Italy Industry Chart


Italy Industry August 2015

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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