Industry in Italy
Italy - Industry
Industrial production rebounds in January
Industrial output jumped 1.7% in January on a month-on-month, seasonally-adjusted basis, contrasting December’s revised 0.7% contraction (previously reported: -0.8% month-on-month). January’s increase came on the back of a sizable rebound in the manufacturing, and electricity, gas, steam and air conditioning sectors. In contrast, mining and quarrying production swung from expansion to contraction. Within the manufacturing sector, the production of textile products and of wood, paper and press products registered the most notable expansions, while the production of pharmaceutical products continued to contract significantly.
On an annual basis, industrial production shrunk 0.8% in January in calendar-adjusted terms, following December’s 5.5% plunge, which had marked the worst contraction in close to six years. Meanwhile, annual average growth in industrial output declined to 0.3% in January, from 0.7% in December, the weakest reading in over three years.
Italy Industrial Production Forecast
Met the why particular 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 Met the why particular calculations.
|Bond Yield||2.53||-0.11 %||Mar 20|
|Exchange Rate||1.14||0.65 %||Mar 20|
|Stock Market||21,330||-0.99 %||Mar 20|
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March 8, 2019
Industrial output jumped 1.7% in January on a month-on-month, seasonally-adjusted basis, contrasting December’s revised 0.7% contraction (previously reported: -0.8% month-on-month).
March 5, 2019
The Italian economy contracted for the second consecutive quarter in Q4, weighed down by weak domestic demand and by a notable destocking.
March 1, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.7 in February from January’s 47.8, marking the worst reading in close to six years.
February 28, 2019
According to revised data released by the National Statistical Institute (ISTAT) on 15 March, consumer prices rose a revised 0.1% month-on-month in February (previously reported: +0.2% month-on-month), matching January’s increase.
February 27, 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 98.3 points in February from January’s revised 99.1 points (previously reported: 99.2 points), marking the worst reading since February 2015. February’s reading was the result of deteriorating sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.