Italy Industry October 2018

Italy

Italy: Industrial production rebounds timidly in October

December 10, 2018

Industrial output increased 0.1% in October on a month-on-month, seasonally-adjusted basis, contrasting September’s revised 0.1% contraction (previously reported -0.2% month-on-month). October’s anaemic rebound came on the back of a turnaround in the mining and quarrying sector and of a marginal acceleration in manufacturing output growth. In contrast, output in the electricity, gas, steam and air conditioning sector declined at a faster pace than in September. Within the manufacturing sector, the production of coke and refined petroleum products, and of computers, electronics and optical products, posted the strongest increases, while the production of pharmaceuticals shrunk considerably.

On an annual basis, industrial production expanded 1.0% in October, following September’s revised 1.4% increase (previously reported: +1.3% year-on-year). Meanwhile, annual average growth in industrial output declined to an 18-month low of 2.1% in October, from 2.3% in September.

Italy Industrial Production Forecast


FocusEconomics Consensus Forecast panelists see industrial production growing 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect industrial output to expand 1.3%.


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 October 2018

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: Industrial production contracts again in July

    September 10, 2019

    Industrial contracted 0.7% in July on a month-on-month, seasonally-adjusted basis, following June’s revised 0.3% drop (previously reported: -0.2% month-on-month).

    Read more

  • Italy: Operating conditions firmly in contractionary terrain in August

    September 2, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) edged up to 48.7 in August from 48.5 in July.

    Read more

  • Italy: Second estimate confirms stagnation in Q2

    August 30, 2019

    GDP growth was flat in the second quarter over the previous period in seasonally- and working-day adjusted terms, according to a second estimate released by Italy’s Statistical Institute (ISTAT) on 30 August.

    Read more

  • Italy: Inflation inches up in August

    August 30, 2019

    Consumer prices increased 0.4% month-on-month in August (previously reported: +0.5% month-on-month), following July’s flat reading, according to revised data released by the National Statistical Institute (ISTAT) on 16 September.

    Read more

  • Italy: Business sentiment weakens in August

    August 28, 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—fell to 98.9 points in August from July’s 101.2 points, which had marked the best result in nine months. August’s reading came on the back of a broad-based deterioration in all the sectors covered by the index.

    Read more

More news

Search form