Industry in Italy

Italy Industry | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-3.1  -0.6  1.0  2.1  3.7  

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Italy Industry Chart

Italy Industry
Note: Annual variation of industrial output in %.
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.

Italy Facts

Bond Yield2.87-0.40 %Feb 20
Exchange Rate1.130.65 %Feb 20
Stock Market20,304-0.99 %Feb 20

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