Italy Industry

Italy

Italy: Industrial production grows at fastest pace in almost three years

June 10, 2014

In April, industrial output rose a seasonally-adjusted 0.7% over the previous month, which contrasted the 0.4% contraction tallied in March. April’s reading overshot the 0.4% expansion the markets had expected. The result came on the back of a rebound in all of the sub-components of the index.

On an annual basis, industrial output expanded a working-day adjusted 1.6%, which contrasted the 0.1% decrease recorded in March and marked the highest growth rate since August 2011. Meanwhile, annual average growth in industrial output stepped up from minus 1.8% in March to minus 1.3% in April, thus reaching the highest level since March 2012.

FocusEconomics Consensus Forecast panelists see industrial production contracting 1.3% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 2.2%.


Author:, Senior Economist

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Italy Industry April 2014

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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