Industry in Italy
Italy - Industry
Industrial production contracts again in December
Industrial output contracted 0.8% in December on a month-on-month, seasonally-adjusted basis, following November’s revised 1.7% contraction (previously reported: -1.6% month-on-month). December’s fall came on the back of a sizable contraction in the manufacturing, and electricity, gas, steam and air conditioning sectors. In contrast, mining and quarrying production rebounded. Within the manufacturing sector, the production of pharmaceuticals and textile products registered the sharpest declines, while the production of electrical equipment grew significantly.
On an annual basis, industrial production plummeted 5.5% in December, following November’s 2.6% fall, and marking the worst contraction in close to six years. Meanwhile, annual average growth in industrial output declined to 0.7% in December, from 1.6% in November, the weakest reading in over three years.
Italy Industrial Production 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||2.87||-0.40 %||Feb 20|
|Exchange Rate||1.13||0.65 %||Feb 20|
|Stock Market||20,304||-0.99 %||Feb 20|
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February 21, 2019
According to a second release published by the National Statistical Institute (ISTAT) on 21 February, consumer prices rose 0.1% over the previous month in January, contrasting December’s 0.1% month-on-month decline.
February 8, 2019
Industrial output contracted 0.8% in December on a month-on-month, seasonally-adjusted basis, following November’s revised 1.7% contraction (previously reported: -1.6% month-on-month).
February 4, 2019
According to provisional data released by the National Statistical Institute (ISTAT) on 4 February, consumer prices rose 0.1% month-on-month in January, contrasting December’s 0.1% decline.
February 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) fell to 47.8 in January from December’s 49.2, marking the worst reading in close to six years.
January 31, 2019
Confirming the markets’ gloomiest predictions, Italy’s GDP contracted for the second consecutive quarter over the previous period in seasonally- and working-day adjusted terms in the last quarter of last year, according to an advance estimate released by the National Statistics Office (ISTAT) on 31 January.