Italy Industry

Italy

Italy: Industrial production decelerates in April

June 10, 2015

In April, industrial output fell a seasonally-adjusted 0.3% over the previous month, contrasting the 0.5% increase tallied in March. April’s reading significantly undershot market expectations of a 0.2% rise and marked a three-month low. The result was driven by a contraction over the previous month in the electricity, gas, steam and air conditioning supply sector as well as the manufacturing sector. Conversely, mining and quarrying recorded a significant expansion and grew at the fastest rate since June 2013.

On an annual basis, industrial production grew a working-day adjusted 0.1% in April, decelerating from the 1.4% increase tallied in March. Annual average growth in industrial output inched down from March’s minus 0.7% to minus 0.8% in April.

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 April 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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