Italy Industry September 2017

Italy

Italy: Industrial production drops in September

November 10, 2017

Industrial output contracted 1.3% in September on a month-on-month seasonally adjusted basis, contrasting August’s 1.2% growth and coming in well below analysts’ expectations, which forecast a 0.3% drop. The result came on the back of a decline in both the manufacturing and the electricity, gas, steam and air conditioning sub-sectors, while the mining and quarrying sub-sector remained unchanged from the previous month. The manufacturing sub-sector was particularly influenced by the notable contraction recorded in the production of both pharmaceutical, chemical and metal products.

On an annual basis, industrial production expanded by a working-day adjusted 2.4% in September, following August’s stronger 5.8% rise. September marked the eighth consecutive month of year-on-year growth. Annual average growth in industrial output remained unchanged at August’s 3.1% in September, the strongest print since September 2011.

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, Economist

Sample Report

Looking for forecasts related to Industry in Italy? Download a sample report now.

Download

Italy Industry Chart


Italy Industry September 2017

Note: Month-on-month changes of seasonally-adjusted industrial production and annual growth rate in %.
Source: National Statistical Institute (Istat) and FocusEconomics calculations.


Italy Economic News

  • Italy: Industrial production contracts notably in November

    January 11, 2019

    Industrial output contracted 1.6% in November on a month-on-month, seasonally-adjusted basis, following October’s revised 0.1% contraction (previously reported: +0.1% month-on-month).

    Read more

  • Italy: Inflation falls in December on slowing energy prices

    January 4, 2019

    According to a second estimate released by the National Statistical Institute (ISTAT) on 16 January, consumer prices dropped 0.1% month-on-month in December, a softer drop than November’s 0.2% decline.

    Read more

  • Italy: Manufacturing sector continues to contract in December

    January 2, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up to 49.2 in December from November’s near four-year low of 48.6.

    Read more

  • Italy: Business confidence declines for the sixth consecutive month in December

    December 21, 2018

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—edged down to 99.8 points in December from November’s revised 101.0 points (previously reported: 101.1 points), marking the worst reading in two years. December’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.

    Read more

  • Italy: Consumer confidence at over one-year low in December

    December 21, 2018

    The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 113.1 points in December from November’s revised 114.7 points (previously reported: 114.8 points), marking the worst result since August 2017. Consumers’ expectations of the future general economic situation and their assessments on the current general economic situation deteriorated, likely due to concerns about the recent turbulence in the financial markets, the contraction of the economy in the third quarter and the negative effects of the 2019 budget.

    Read more

More news

Search form