Italy Industry September 2020


Italy: Industrial production slumps in September

November 10, 2020

Industrial output fell 5.6% in September on a month-on-month, seasonally-adjusted basis. The reading contrasted August’s 7.4% expansion and marked the first drop following four consecutive months of increases.

September’s decline reflected downturns in the manufacturing, mining and quarrying and utilities sectors. Within the all-important manufacturing sector, the largest decreases were recorded in the production of textiles and transport.

On an annual basis, industrial production contracted 5.1% in September in calendar-adjusted terms, following August’s 0.3% dip. Meanwhile, the annual average variation in industrial production deteriorated from minus 10.6% in August to minus 10.8% in September.

FocusEconomics Consensus Forecast panelists are still assessing the latest developments.

Author: Massimo Bassetti, Senior Economist

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Italy Industry Chart

Italy Industry September 20 20

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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