Italy Industry March 2016


Italy: Industrial production records flat growth in March

May 10, 2016

In March, industrial output tallied zero growth over the previous month, which followed the revised 0.7% drop tallied in February (previously reported: -0.6% month-on-month). March’s reading undershot market expectations of a 0.2% increase. The flat reading was due to growth in the energy sector offsetting a contraction in the manufacturing and the mining and quarrying sectors.

On an annual basis, industrial production grew a working-day adjusted 0.5% in March, which represented a slowdown compared to the 1.1% increase tallied in February and marked the lowest reading in three months. Annual average growth in industrial output inched down slightly from February’s 1.6% to 1.5% in March.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.2% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect industrial output to expand 1.4%.

Author: Massimo Bassetti, Economist

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Italy Industry Chart

Italy Industry March 2016

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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