Italy Industry


Italy: Industrial production rebounds in May

July 10, 2015

In May, industrial output grew a seasonally-adjusted 0.9% over the previous month, contrasting the 0.3% decrease tallied in April. May’s reading significantly overshot market expectations of a 0.3% rise and marked the highest value since June 2014. The result was driven by an increase over the previous month in the electricity, gas, steam and air conditioning supply sector as well as the manufacturing sector. Conversely, mining and quarrying recorded a significant contraction.

On an annual basis, industrial production grew a working-day adjusted 3.0% in May, accelerating from the mild 0.1% increase tallied in April. As a consequence, annual average growth in industrial output inched up from April’s minus 0.8% to minus 0.4% in May.

FocusEconomics Consensus Forecast panelists see industrial production increasing 0.3% in 2015, which is up 0.1 percentage points 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 May 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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