Italy Industry November 2019

Italy

Italy: Industrial production rebounds timidly in November

January 10, 2020

Industrial output inched up 0.1% in November on a month-on-month, seasonally-adjusted basis, contrasting October’s 0.3% decrease.

November’s uptick reflected a rebound in the manufacturing sector and stronger growth in the mining and quarrying sector more than offsetting a sharper contraction in the production of electricity, gas, steam and air conditioning. Within the important manufacturing sector, the largest increases were recorded in the production of means of transport and of rubber products.

On an annual basis, industrial production dipped 0.6% in November in calendar-adjusted terms, following October’s 2.4% fall. Meanwhile, annual the average variation in industrial output improved from minus 1.7% in October, which had marked the lowest reading in over five years, to minus 1.5% in November.

FocusEconomics Consensus Forecast panelists see industrial production rising 0.5% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, panelists expect industrial output to expand 1.3%.


Author: Massimo Bassetti, Economist

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Italy Industry November 2019

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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