Industry in Italy

Italy Industry | Economic News & Forecasts

Italy - Industry

Another drop in industrial output in April casts a shadow on economic performance in Q2

Industrial output contracted 0.7% in April on a month-on-month, seasonally-adjusted basis, following March’s revised 1.0% decrease (previously reported: -0.9% month-on-month). April’s drop 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 swung from contraction to expansion. Within the important manufacturing sector, the production of machinery and equipment, and of electrical and electronic equipment fell sharply. However, the manufacture of pharmaceutical products—traditionally quite volatile—expanded significantly.

On an annual basis, industrial production shrank 1.5% in April in calendar-adjusted terms, following March’s 1.6% drop. Meanwhile, annual average growth in industrial output was equal to minus 0.7% in April, down from the minus 0.4% print in March and the weakest reading in four years.

Italy GDP 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 Yield2.11-0.40 %Jun 20
Exchange Rate1.130.65 %Jun 20
Stock Market21,361-0.99 %Jun 20

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