Industry in Italy
Italy - Industry
Industrial production contracts notably in November
Industrial output contracted 1.6% in November on a month-on-month, seasonally-adjusted basis, following October’s revised 0.1% contraction (previously reported: +0.1% month-on-month). November’s sizable fall came on the back of a sharp drop in the mining and quarrying sector and a downturn in manufacturing output. In contrast, the supply of electricity, gas, steam and air conditioning rebounded, albeit at a modest pace. Within the manufacturing sector, the production of chemical products, transport and computers, electronics and optical products, registered the sharpest declines, while the production of pharmaceuticals grew significantly.
On an annual basis, industrial production fell 2.6% in November, contrasting October’s 1.0% increase, and marking the worst contraction in over four years. Meanwhile, annual average growth in industrial output declined to 1.6% in November, from 2.1% in October.
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||2.76||-0.11 %||Jan 21|
|Exchange Rate||1.14||0.65 %||Jan 21|
|Stock Market||19,639||-0.99 %||Jan 21|
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January 11, 2019
Industrial output contracted 1.6% in November on a month-on-month, seasonally-adjusted basis, following October’s revised 0.1% contraction (previously reported: +0.1% month-on-month).
January 4, 2019
According to a second estimate released by the National Statistical Institute (ISTAT) on 16 January, consumer prices dropped 0.1% month-on-month in December, a softer drop than November’s 0.2% decline.
January 2, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up to 49.2 in December from November’s near four-year low of 48.6.
December 21, 2018
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—edged down to 99.8 points in December from November’s revised 111.0 points (previously reported: 111.1 points), marking the worst reading in two years. December’s reading was the result of a deterioration in sentiment in the manufacturing, construction and market services sectors, which more than offset improved sentiment in the retail trade sector.
December 21, 2018
The consumer confidence index released by the National Institute of Statistics (ISTAT) declined to 113.1 points in December from November’s revised 114.7 points (previously reported: 114.8 points), marking the worst result since August 2017. Consumers’ expectations of the future general economic situation and their assessments on the current general economic situation deteriorated, likely due to concerns about the recent turbulence in the financial markets, the contraction of the economy in the third quarter and the negative effects of the 2019 budget.