Italy Industry November 2015

Italy

Italy: Industrial production falls in November

January 14, 2016

In November, industrial output fell a seasonally-adjusted 0.5% over the previous month, which contrasted the 0.5% increase tallied in October and marked a three-month low. November’s reading significantly undershot market expectations of a 0.2% increase. The result reflected a sharp fall in manufacturing, which swung to contraction and more than offset slight improvements in mining and quarrying as well as in electricity, gas and steam.

On an annual basis, industrial production expanded a working-day adjusted 0.9% in November, which was below the 3.0% increase tallied in October. However, annual average growth in industrial output inched up from October’s 0.8% to 1.0% in November.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.8% in 2016, which is unchanged from last month’s forecast. For 2017, panelists also expect industrial output to expand 1.8%.


Author:, Economist

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Italy Industry November 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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