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Italy Industry

Italy Industry

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 2025 to 2023.
Source: Macrobond.

Italy Industry Data

2020 2021 2022 2023 2024
Industrial Production (ann. var. %) -11.0 11.8 0.4 -2.1 -3.9

Industrial production shrinks in August

Latest reading: Industrial production declined 2.4% on a seasonally adjusted month-on-month basis in August, following a 0.4% rise in the prior month, and marking the sharpest decline in eight months. Relative to the previous month's data, readings in August softened for manufacturing (-1.9% mom s.a. vs +1.4% in July) and mining and quarrying (-9.1% vs -4.5% in July). In contrast, the reading for electricity, gas, steam and air conditioning improved in August (-0.6% vs -7.6% in July). On a year-on-year basis, industrial production fell 2.4% in August, following a 0.6% increase in the prior month.

Panelist insight: Commenting on the outlook, ING’s Paolo Pizzoli stated: “We are currently lacking a clear domestic driver for industrial activity, and hopes rest on the potential pull from the implementation of the fiscal stimulus in Germany, which might materialise with a delay. It now seems likely that industry might have acted as a drag on growth over the third quarter of 2025, once more leaving the onus of growth on services, as suggested by the relevant PMI indices.”

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 11 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.

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