Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
Industrial Production in Italy
The Italian economy recorded an average industrial production growth rate of 0.1% in the decade to 2024. In 2024, industrial production growth was -4.0%. For more industry information, visit our dedicated page.
Italy Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Italy from 2016 to 2023.
Source: Macrobond.
Italy Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -11.0 | 11.7 | 0.4 | -2.1 | -3.9 |
Industrial output growth speeds up in July
Latest reading: Industrial output rose 0.4% in month-on-month seasonally and calendar-adjusted terms in July, which was above June's 0.2% increase. The figure was due to faster growth in manufacturing output. In contrast, mining and quarrying output fell, and energy production contracted. On an annual basis, industrial output rebounded, rising 0.7% in July (June: -0.7% yoy), the best result since January 2023. Accordingly, the trend improved, with the annual average variation of industrial production coming in at minus 2.3%, up from June's minus 2.7%.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Italian industry projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Italian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Italian industry projections.
Want to get access to the full dataset of Italian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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