Italy Industry


Italy: Industrial production contracts in September

November 10, 2014

In September, industrial output fell a seasonally-adjusted 0.9% over the previous month, which contrasted the 0.2% increase tallied in August. In addition, September’s reading came in below the 0.2% decrease the markets had expected. The result reflected contractions in all of the components, where mining and quarrying as well as electricity, gas, steam and air condition recorded the steepest decreases.

On an annual basis, industrial output fell a working-day adjusted 2.9%, which followed the 0.7% decrease recorded in August and recorded the steepest fall in more than a year. Meanwhile, annual average growth in industrial output was stable at August’s minus 0.4%, thus remaining at the highest level since February 2012.

FocusEconomics Consensus Forecast panelists see growth in industrial production flat in 2014, which is down 0.5 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 1.0%, which is down 0.3 percentage points from last month’s estimate.

Author:, Senior Economist

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Italy Industry Chart

Italy Industry September 2014

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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