Industry in Italy
Italy - Industry
Industrial production rebounds sharply in May
Industrial output rebounded and skyrocketed 42.1% in May on a month-on-month, seasonally-adjusted basis. The reading followed April’s 20.5% slump and marked the strongest expansion on record.
May’s bounce back reflected an almost 50% surge in manufacturing production; a marked jump in the mining and quarrying sector; and more moderate growth in the utilities sector. Within the all-important manufacturing sector, the largest increases were recorded in the production of means of transport and textiles, whose production more than doubled compared to the previous month.
On an annual basis, industrial production slumped 20.3% in May in calendar-adjusted terms, following April’s 43.4’s collapse which had marked the worst reading in the history of the index. Meanwhile, the annual average variation in industrial production declined from minus 7.3% in April to minus 8.9% in May, the lowest reading in over 10 years.
FocusEconomics Consensus Forecast panelists are still assessing the latest developments.
Italy - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.1 | 1.9 | 3.6 | 0.7 | -1.0 |
Italy Industry Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
Italy Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.31 | -0.40 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Italy: Industrial production rebounds sharply in May
July 10, 2020
Industrial output rebounded and skyrocketed 42.1% in May on a month-on-month, seasonally-adjusted basis.
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Italy: Manufacturing downturn softens on a further relaxation of restrictions in June
July 1, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 45.4 in May to 47.5 in June, amid further easing of containment measures.
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Consumer prices inched up 0.1% month-on-month in June, contrasting May’s 0.2% dip, according to preliminary data released by the National Statistical Institute (ISTAT).
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Italy: Business confidence improves somewhat but remains deeply pessimistic in June
June 26, 2020
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—pulled up from an all-time low of 52.7 in May to 65.4 in June. June’s rise came on the back of a broad-based improvement across sectors.
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Italy: Consumer confidence recovers some lost ground in June
June 26, 2020
The consumer confidence index released by the National Institute of Statistics (ISTAT) rose from an over six-year low of 94.3 in May to 100.6 in June. June’s rise came on the back of a broad-based improvement in the economic, personal, current and future components.
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