Italy Industry January 2016


Italy: Industrial production in January grows at fastest rate since August 2011

March 11, 2016

In January, industrial output grew a seasonally-adjusted 1.9% over the previous month, which contrasted the 0.6% decrease tallied in December and marked the highest reading since August 2011. January’s reading significantly overshot market expectations of a 0.7% increase. The result reflected improvements in all sectors of the index, with manufacturing in particular swinging to a 19-month high.

On an annual basis, industrial production grew a working-day adjusted 3.9% in January, which contrasted the 1.0% decrease tallied in December. As a consequence, annual average growth in industrial output inched up from December’s 0.9% to 1.4% in January.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.5% in 2016, which is unchanged from last month’s forecast. For 2017, panelists also expect industrial output to expand 1.5%.

Author: Massimo Bassetti, Economist

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Italy Industry Chart

Italy Industry January 2016

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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