Italy Industry

Italy

Italy: Industrial production contracts in January

March 11, 2015

In January, industrial output fell a seasonally-adjusted 0.7% over the previous month, which contrasted the 0.4% increase tallied in December. January’s result marked the lowest reading in four months and undershot market expectations of a 0.2% rise. The result was driven by a significant contraction in manufacturing production, which had posted a mild expansion in December. Conversely, electricity, gas, steam and air conditioning, as well as mining and quarrying, recorded stronger increases in January compared to the previous month.

On an annual basis, industrial output dropped a working-day adjusted 2.2% in January, which contrasted the 0.1% increase observed in the previous month and marked a three-month low. As a result, annual average growth in industrial output declined from minus 0.7% in December to minus 1.0% in January.

FocusEconomics Consensus Forecast panelists see industrial production increasing 0.1% in 2015, which is unchanged 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 January 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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