Industry in Italy
Italy - Industry
Another drop in industrial output in April casts a shadow on economic performance in Q2
Industrial output contracted 0.7% in April on a month-on-month, seasonally-adjusted basis, following March’s revised 1.0% decrease (previously reported: -0.9% month-on-month). April’s drop came on the back of lower production in the manufacturing, and mining and quarrying sectors. In contrast, production of electricity, gas, steam and air conditioning swung from contraction to expansion. Within the important manufacturing sector, the production of machinery and equipment, and of electrical and electronic equipment fell sharply. However, the manufacture of pharmaceutical products—traditionally quite volatile—expanded significantly.
On an annual basis, industrial production shrank 1.5% in April in calendar-adjusted terms, following March’s 1.6% drop. Meanwhile, annual average growth in industrial output was equal to minus 0.7% in April, down from the minus 0.4% print in March and the weakest reading in four years.
Italy GDP Forecast
FocusEconomics Consensus Forecast panelists see industrial production growing 1.5% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect industrial output to expand 1.3%.
Italy - Industry Data
|Industrial Production (annual variation in %)||-3.1||-0.6||1.0||2.1||3.7|
5 years of economic forecasts for more than 30 economic indicators.
Italy Industry Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||2.11||-0.40 %||Jun 20|
|Exchange Rate||1.13||0.65 %||Jun 20|
|Stock Market||21,361||-0.99 %||Jun 20|
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June 14, 2019
Consumer prices were flat month-on-month in May (previously reported: +0.1% month-on-month), following April’s 0.2% increase, according to revised data released by the National Statistical Institute (ISTAT) on 14 June.
June 11, 2019
Industrial output contracted 0.7% in April on a month-on-month, seasonally-adjusted basis, following March’s revised 1.0% decrease (previously reported: -0.9% month-on-month).
June 3, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 49.7 in May from April’s 49.1.
May 31, 2019
A second estimate released by Italy’s Statistical Institute (ISTAT) on 31 May showed GDP ticked up 0.1% in the first quarter over the previous period in seasonally- and working-day adjusted terms, below the 0.2% expansion reported by the preliminary estimate but still up from the 0.1% contraction recorded in Q4 2018.
May 31, 2019
Consumer prices rose 0.1% month-on-month in May, following April’s 0.2% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 31 May.