Italy Industry

Italy

Italy: Industrial production contracts in June

August 6, 2015

In June, industrial output fell a seasonally-adjusted 1.1% over the previous month, contrasting the 0.9% increase tallied in May. June’s reading significantly undershot market expectations of a 0.3% fall and marked the lowest value in over a year. The result was driven by a fall over the previous month in the electricity, gas, steam and air conditioning supply sector as well as the manufacturing sector. Conversely, mining and quarrying contracted at a softer rate than last month.

On an annual basis, industrial production fell a working-day adjusted 0.3% in June, contrasting the 3.1% increase tallied in May. As a consequence, annual average growth in industrial output inched down from May’s minus 0.4% to minus 0.5% in June.

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 June 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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