Italy Industry

Italy

Italy: Industry rebounds in August

October 10, 2014

In August, industrial output rose a seasonally-adjusted 0.3% over the previous month, which contrasted the 1.0% decrease tallied in July. However, August’s reading came in below the 0.5% increase the markets had expected. The result reflected a rebound in manufacturing as well as in mining and quarrying. In addition, electricity, gas, steam and air conditioning sector performed better compared to the previous month.

On an annual basis, industrial output fell a working-day adjusted 0.7%, which followed the 1.6% decrease recorded in July. Meanwhile, annual average growth in industrial output stepped up from minus 0.7% in July to minus 0.3% in August, thus reaching the highest level since February 2012.

FocusEconomics Consensus Forecast panelists see industrial production contracting 1.3% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 2.2%.


Author:, Senior Economist

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Italy Industry Chart


Italy Industry August 2014

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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