Industry in Italy
Italy - Industry
Industrial production goes downhill in June
Industrial contracted 0.2% in June on a month-on-month, seasonally-adjusted basis, contrasting May’s revised 1.0% increase (previously reported: -0.9% month-on-month). June’s downturn came on the back of lower production in the manufacturing, and mining and quarrying sectors. In contrast, production of electricity, gas, steam and air conditioning continued to expand. Within the important manufacturing sector, the production of electrical and electronic equipment, of textile products and of means of transportations dropped notably. On the flip side, the manufacture of pharmaceutical products—traditionally quite volatile—and of coke and oil products expanded.
On an annual basis, industrial production shrank 1.2% in June in calendar-adjusted terms, following May’s 0.7% drop. Meanwhile, annual average growth in industrial output was equal to minus 1.1% in June, down from the minus 0.9% print in May and the weakest reading in over five years.
FocusEconomics Consensus Forecast panelists see industrial production recording zero growth in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect industrial output to expand 1.0%.
Italy - Industry Data
|Industrial Production (annual variation in %)||-3.0||-0.7||1.1||1.9||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Italy Industry Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||1.54||-0.40 %||Jul 31|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||21,398||-0.99 %||Jul 31|
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August 9, 2019
Consumer prices were unchanged from the previous month in July (previously reported: +0.1% month-on-month), following June’s 0.1% uptick, according to revised data released by the National Statistical Institute (ISTAT) on 9 August.
August 2, 2019
Industrial contracted 0.2% in June on a month-on-month, seasonally-adjusted basis, contrasting May’s revised 1.0% increase (previously reported: -0.9% month-on-month).
August 1, 2019
In the second quarter of the year, Italy’s GDP recorded zero growth over the previous period in seasonally- and working-day adjusted terms, according to an advance estimate released by Italy’s Statistics Institute (ISTAT) on 31 July.
August 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up to 48.5 in July from June’s 48.4.
July 31, 2019
Consumer prices rose 0.1% month-on-month in July, matching June’s reading, according to provisional data released by the National Statistical Institute (ISTAT) on 31 July.