Italy Industry July 2018


Italy: Industrial production contracts notably in July

September 12, 2018

Industrial output contracted 1.8% in July on a month-on-month, seasonally-adjusted basis, following June’s revised 0.3% increase (previously reported: +0.5% month-on-month). July’s fall came on the back of a broad-based contraction in the manufacturing; electricity, gas, steam and air conditioning; and mining and quarrying sectors. Within the manufacturing sector, the production of pharmaceutical products and means of transport posted the sharpest drop.

On an annual basis, industrial production decreased 1.3% in July, contrasting June’s revised 1.4% rise (previously reported: -1.7% year-on-year). Meanwhile, annual average growth in industrial output declined to 3.1% in July from 3.6% in June.

Italy Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production growing 1.6% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect industrial output to expand 1.5%.

Author: Massimo Bassetti, Senior Economist

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Italy Industry Chart

Italy Industry July 2018

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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