Italy Industry July 2020

Italy

Italy: Industrial production expands again in July

September 10, 2020

Industrial output rose 7.4% in July on a month-on-month, seasonally-adjusted basis. The reading followed June’s 8.2% expansion.

July’s increase reflected a notable expansion in manufacturing production more than offsetting slight declines in the mining and quarrying and utilities sectors. Within the all-important manufacturing sector, the largest increases were recorded in the production of electronic products and transport.

On an annual basis, industrial production fell 8.0% in July in calendar-adjusted terms, following June’s 13.9% slump. Meanwhile, the annual average variation in industrial production declined from minus 10.0% in June to minus 10.7% in July, the lowest reading in over 10 years.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.


Author: Massimo Bassetti, Senior Economist

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Italy Industry July 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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