Italy Industry July 2016

Italy

Italy: Industrial production recovers some ground in July

September 13, 2016

In July, industrial output increased 0.4% over the previous month, rebounding from June’s revised 0.3% decrease (previously reported: -0.4% month-on-month). The reading marked a six-month high and overshot market expectations of a 0.2% rise. The increase was due to a broad-based expansion in all sectors, with the mining and quarrying sector expanding the most.

On an annual basis, industrial production fell a working-day adjusted 0.3% in July, which marked an improvement on the revised 0.9% decline logged in June (previously reported: -1.0% year-on-year) and was the highest reading since April. The overall trend moderated as annual average growth in industrial output decreased from June’s 1.2% to a nine-month low of 1.0% in July.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.3% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect industrial output to expand 1.1%.


Author:, Economist

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Italy Industry July 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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