Italy Industry May 2019

Italy

Italy: Industrial production rebounds in May

July 10, 2019

Industrial output rose 0.9% in May on a month-on-month, seasonally-adjusted basis, contrasting April’s revised 0.8% decrease (previously reported: -0.7% month-on-month). May’s rebound came on the back of higher production in the manufacturing, and mining and quarrying sectors. In contrast, production of electricity, gas, steam and air conditioning swung from expansion to contraction. Within the important manufacturing sector, the production of electrical and electronic equipment, and of means of transportations expanded notably. On the flip side, the manufacture of pharmaceutical products—traditionally quite volatile—and of rubber and plastic products dropped.

On an annual basis, industrial production shrank 0.7% in May in calendar-adjusted terms, following April’s 1.5% drop. Meanwhile, annual average growth in industrial output was equal to minus 1.0% in May, down from the minus 0.7% print in April and the weakest reading in nearly five years.

FocusEconomics Consensus Forecast panelists see industrial production recording zero growth in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect industrial output to expand 1.0%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Italy? Download a sample report now.

Download

Italy Industry Chart


Italy Industry May 2019

Note: Month-on-month changes of seasonally-adjusted industrial production and annual growth rate in %.
Source: National Statistical Institute (Istat) and FocusEconomics calculations.


Italy Economic News

  • Italy: Inflation ticks down in June

    July 16, 2019

    Consumer prices rose a revised 0.1% month-on-month in June (previously reported: +0.2% month-on-month), following May’s flat reading, according to revised data released by the National Statistical Institute (ISTAT) on 16 July.

    Read more

  • Italy: Operating conditions more contractionary in June

    July 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to 48.4 in June from May’s 49.7.

    Read more

  • Italy: Inflation stable in June

    June 28, 2019

    Consumer prices rose 0.2% month-on-month in June, following May’s flat reading, according to provisional data released by the National Statistical Institute (ISTAT) on 28 June.

    Read more

  • Italy: Business sentiment sours in June

    June 27, 2019

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—declined to 99.3 points in June from May’s 100.2 points, which had marked the best result in six months. June’s reading came on the back of a broad-based deterioration in almost all the sectors covered by the index.

    Read more

More news

Search form