Italy Industry May 2018


Italy: Industrial production rebounds in May

July 10, 2018

Industrial output expanded 0.7% in May on a month-on-month, seasonally-adjusted basis, contrasting April’s revised 1.3% contraction (previously reported: -1.2% month-on-month). May’s increase came on the back of a rebound in the manufacturing; and electricity, gas, steam and air conditioning sub-sectors, while mining and quarrying output swung from a robust expansion in the previous month to a slight contraction. Within the manufacturing sector, the production of means of transport; and food, beverages and tobacco industries posted the strongest performances.

On an annual basis, industrial production expanded 2.1% in May, accelerating slightly from April’s one-year-low 1.9% rise. Meanwhile, annual average growth in industrial output ticked down to 4.0% from April’s 4.1%.

Italy Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see industrial production growing 1.6% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect industrial output to expand 1.5%.

Author: Massimo Bassetti, Senior Economist

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Italy Industry Chart

Italy Industry May 2018

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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