Italy Industry

Italy

Italy: Industrial production contracts in February

April 10, 2014

In February, industrial output fell a seasonally-adjusted 0.5% over the previous month, which contrasted the 1.1% increase tallied in January. February's figure undershot market expectations which had industrial output falling just 0.3%. The result came on the back of a contraction in manufacturing, while other sectors fared better compared to the previous month.

On an annual basis, industrial output expanded a working-day adjusted 0.4%, which was down from the 1.2% increase recorded in January. Meanwhile, annual average growth in industrial output stepped up from minus 2.7% in January to minus 2.3% in February.

FocusEconomics Consensus Forecast panelists see industrial production contracting 0.9% in 2014, which is up 0.3 percentage points from last month's forecast. For 2015, panelists expect industrial output to expand 1.6%.


Author:, Senior Economist

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Italy Industry Chart


Italy Industry February 2014

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


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