Italy Industry

Italy

Italy: Industry rebounds in June

August 6, 2014

In June, industrial output rose a seasonally-adjusted 0.9% over the previous month, which contrasted the 1.2% decrease tallied in May. June’s reading slightly overshot the 0.8% expansion the markets had expected and marked the fastest expansion since January. The result reflected a rebound in manufacturing.

On an annual basis, industrial output expanded a working-day adjusted 0.4%, which contrasted the 1.7% decrease recorded in May. Meanwhile, annual average growth in industrial output stepped up from minus 1.1% in May to minus 0.8% in June, 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 June 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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