Italy Industry

Italy

Italy: Industrial production improves in February

April 13, 2015

In February, industrial output rose a seasonally-adjusted 0.6% over the previous month, which contrasted the 0.7% decrease tallied in January. February’s result marked the highest print in eight months and slightly overshot market expectations of a 0.5% rise. The result was driven by a significant improvement in manufacturing production, which rebounded following the mild contraction that was recorded in January. Electricity, gas, steam and air conditioning supply increased further in February over the previous month. Conversely, mining and quarrying deteriorated sharply and posted a strong contraction in February.

On an annual basis, industrial output fell a working-day adjusted 0.2% in February, which was a much less pronounced drop than the 2.2% decline observed in the previous month. Despite the improvement, annual average growth in industrial output remained unchanged at January’s minus 0.8% in February.

FocusEconomics Consensus Forecast panelists see industrial production increasing 0.1% in 2015, which is unchanged 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 Chart


Italy Industry February 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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