Italy Industry

Italy

Italy: Industrial production improves in October

December 11, 2014

In October, industrial output fell a seasonally-adjusted 0.1% over the previous month, which was an improvement over the 0.9% contraction tallied in September. The decrease contrasted the 0.3% increase the market had expected. The result reflected a contraction in the electricity, gas, steam and air condition sector while the manufacturing sector recorded flat growth. In contrast mining and quarrying rebounded from a 2.9% contraction in September to 2.8% expansion in October.

On an annual basis, industrial output fell a working-day adjusted 3.0%, which followed the revised 2.7% decrease recorded in September (previously reported: -2.9% year-on-year) and recorded the steepest fall in more than a year. Meanwhile, annual average growth in industrial output fell from minus 0.4% in September to 0.6% in October.

FocusEconomics Consensus Forecast panelists expect industrial production to contract 0.2% in 2014, which is down 0.2 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 0.6%, which is down 0.4 percentage points from last month’s estimate.


Author:, Senior Economist

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Italy Industry October 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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