Italy Industry April 2016

Italy

Italy: Industrial production returns to growth in April

June 10, 2016

In April, industrial output increased 0.5% over the previous month, which followed the flat result tallied in March. April’s reading overshot market expectations of a 0.3% rise. The increase was due to growth in the manufacturing sector, while production in the energy and the mining and quarrying sectors dropped.

On an annual basis, industrial production grew a working-day adjusted 1.8% in April, which represented an acceleration compared to the 0.5% increase tallied in March and marked the highest reading in three months. Annual average growth in industrial output inched up slightly from March’s 1.5% to 1.6% in April.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.5% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, panelists expect industrial output to expand 1.4%.


Author: Massimo Bassetti, Economist

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