Industry in Italy
Italy - Industry
Industrial production shows further signs of life in February
Industrial output rose 0.8% in February on a month-on-month, seasonally-adjusted basis, following January’s stronger 1.9% jump. February’s increase came on the back of sizable gains in the manufacturing, and mining and quarrying sectors. In contrast, production in electricity, gas, steam and air conditioning swung from expansion to contraction. Within the manufacturing sector, the production of pharmaceutical products bounced back sharply, and the production of textile products recorded a solid expansion. However, the manufacture of coke and refined petroleum products contracted significantly.
On an annual basis, industrial production rebounded 0.9% in February in calendar-adjusted terms, swinging from January’s 0.8% decline, and leaving behind three consecutive months of contraction. Meanwhile, annual average growth in industrial output was flat in February, down from the 0.1% growth recorded in January, 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||2.45||-0.40 %||Apr 22|
|Exchange Rate||1.13||0.65 %||Apr 22|
|Stock Market||21,957||-0.99 %||Apr 18|
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April 23, 2019
The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 110.5 points in April from March’s 111.2 points, marking the worst result since July 2017. April’s deterioration was broad-based: the economic, personal, current, and future components, all lost ground.
April 23, 2019
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—fell to 98.7 points in April from March’s revised 99.1 points (previously reported: 99.2 points), and moving closer to February’s four-year low of 98.2 points. April’s reading came mainly on the back of plunging sentiment in the retail sector, and was also affected by falling sentiment in the manufacturing and market services sectors, which more than offset stronger sentiment in the construction sector.
April 10, 2019
Industrial output rose 0.8% in February on a month-on-month, seasonally-adjusted basis, following January’s stronger 1.9% jump.
April 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.4 in March from February’s 47.7, marking the worst reading in close to six years.
March 29, 2019
According to provisional data released by the National Statistical Institute (ISTAT) on 29 March, consumer prices rose 0.3% month-on-month in March, following February’s 0.2% increase.