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Italy Industry

Italy Industry

Industrial Production in Italy

The Italian economy recorded average industrial production growth of 0.4% in the decade to 2022, below the 1.1% average for the Euro Area. In 2022, industrial production growth was 0.4%. For more information on industry, visit our dedicated page

Italy Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Italy from 2014 to 2023.
Source: Macrobond.

Italy Industry Data

2019 2020 2021 2022 2023
Industrial Production (ann. var. %) -1.2 -11.0 11.7 0.4 -2.1

Industrial output grows at fastest pace since December 2023 in May

Industrial production expanded 0.5% month on month in seasonally adjusted terms in May (April: -1.0% mom). The print marked the best reading since December 2023. May's improvement was partly due to a rebound in manufacturing output. In contrast, mining and quarrying production decelerated. On an annual basis, factory output fell at a quicker rate of 3.3% in May (April: -2.8% yoy). Moreover, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.5% in May, down from April's minus 2.4%.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Italian industry projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Italian industry.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Italian industry projections.

Want to get access to the full dataset of Italian industry forecasts? Send an email to

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