Italy Industry October 2016

Italy

Italy: Industrial production stays flat in October

December 12, 2016

Industrial output in Italy remained entirely flat in October compared to the previous month, an improvement from the 0.8% fall registered in September but undershooting analysts’ expectations of a 0.2% increase. The electricity, gas, steam and air conditioning sub-sector expanded month-on-month, as did the quarrying and mining sub-sector. Meanwhile, the manufacturing sub-sector contracted in October compared to the prior month.

On an annual basis, industrial production expanded a working-day adjusted 1.3% in October, decelerating from September’s revised 1.9% growth. Annual average growth in industrial output also fell from 1.3% in September to 1.1% in October.

FocusEconomics Consensus Forecast panelists see industrial production growing 1.2% in 2017, which is unchanged from last month’s forecast. For 2018, panelists expect industrial output to expand 1.0%.


Author:, Economist

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Italy Industry October 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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