Italy Industry


Italy: Industrial production moderates pace of contraction

September 12, 2012

In July, industrial output fell a seasonally adjusted 0.2% over the previous month. The reading was better than both the 1.3% drop recorded in June (previously reported: -1.4% month-on-month) and market expectations of a 0.4% decrease. The improvement was broad-based, with all the three main sectors experiencing better results than in June. Compared to the same month last year, industrial output dropped 7.3% on a working-day adjusted basis, which represents an improvement compared to June's 7.9% decline but marks, nonetheless, the 11th consecutive contraction. Despite the softer decline, the trend continues to point downwards, with the annual average variation in industrial production falling from minus 4.1% in June to minus 4.6% in July, the lowest level since May 2010.

Author:, Head of Data Solutions

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Italy Industry Chart

Italy Industry July 2012

Note: Month-on-month changes of seasonally adjusted industrial production and annual average growth rate in %.
Source: National Statistical Institute (Istat).

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