Italy Industry November 2017


Italy: Industrial production flat in November

January 12, 2018

Industrial output remained flat in November on a month-on-month seasonally adjusted basis, following October’s 0.6% expansion and coming in slightly below analysts’ expectations. The result came on the back of an expansion in the manufacturing sub-sector, while the the electricity, gas, steam and air conditioning sub-sector remained broadly stable, and the mining and quarrying sub-sector contracted sharply over the previous month. The manufacturing sub-sector was particularly influenced by the notable growth recorded in the production of means of transport and pharmaceutical products.

On an annual basis, industrial production expanded by a working-day adjusted 2.2% in November, following October’s stronger 3.0% rise. November marked the 10th consecutive month of year-on-year growth. Annual average growth in industrial output, however, inched down to 3.2% in November, below October’s 3.3%.

Italy Industrial Production Forecast

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, Senior Economist

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Italy Industry Chart

Italy Industry November 2017

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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