Industry in Italy
Italy - Industry
Industrial production swings back into contractionary territory in March
Industrial output contracted 0.9% in March on a month-on-month, seasonally-adjusted basis, contrasting February’s 0.8% increase. March’s drop came on the back of lower production in the manufacturing, and electricity, gas, steam and air conditioning sectors. In contrast, production in mining and quarrying swung from contraction to expansion. Within the important manufacturing sector, the production of pharmaceutical products—traditionally quite volatile—fell sharply, and the output of textile products also recorded a notable decline. However, the manufacture of coke and refined petroleum products expanded significantly.
On an annual basis, industrial production shrank 1.4% in March in calendar-adjusted terms, swinging from February’s 0.9% rise, which had followed three consecutive months of contraction. Meanwhile, annual average growth in industrial output was equal to minus 0.4% in March, down from the flat reading recorded in February, the weakest reading in close to four 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||2.56||-0.11 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||20,594||-0.99 %||May 13|
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May 16, 2019
Consumer prices rose 0.2% month-on-month in April, following March’s 0.3% increase, according to revised data released by the National Statistical Institute (ISTAT) on 16 May.
May 11, 2019
Industrial output contracted 0.9% in March on a month-on-month, seasonally-adjusted basis, contrasting February’s 0.8% increase.
May 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose to 49.1 in April from March’s 47.4, which had marked the worst reading in close to six years.
April 30, 2019
The Italian economy bounced back to growth in the first quarter of the year, after languishing in technical recession in the last two quarters of 2018.
April 30, 2019
Consumer prices rose 0.2% month-on-month in April, following March’s 0.3% increase, according to provisional data released by the National Statistical Institute (ISTAT) on 30 April.