Italy Industry

Italy

Italy: Industrial production expands in July

September 11, 2015

In July, industrial output rose a seasonally-adjusted 1.1% over the previous month, contrasting the 1.0% decrease tallied in June. July’s reading overshot market expectations of a 0.5% fall and marked the highest value in over a year. The result was driven by stronger expansions in all sectors, with electricity, gas, steam and air conditioning recording the most significant improvement.

On an annual basis, industrial production expanded a working-day adjusted 2.7% in July, contrasting the 0.3% decrease tallied in June. As a consequence, annual average growth in industrial output inched up from June’s minus 0.5% to minus 0.2% in July.

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 July 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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