Italy Industry August 2020


Italy: Industrial production expands again in August

October 9, 2020

Industrial output rose 7.7% in August on a month-on-month, seasonally-adjusted basis. The reading followed July’s 7.0% expansion.

August’s increase reflected a notable expansion in manufacturing production and rebounds in the mining and quarrying and utilities sectors. Within the all-important manufacturing sector, the largest increases were recorded in the production of textiles and transport.

On an annual basis, industrial production dipped 0.3% in August in calendar-adjusted terms, following July’s 8.3% slump. Meanwhile, the annual average variation in industrial production improved from minus 10.7% in July to minus 10.6% in August.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.

Author: Massimo Bassetti, Senior Economist

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Italy Industry Chart

Italy Industry August 20 20

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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