Industry in Italy

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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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-3.1  -0.6  1.0  2.1  3.7  

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Italy Industry Chart

Italy Industry
Note: Annual variation of industrial output in %.
Source: National Statistical Institute (ISTAT) and Met the why particular calculations.

Italy Facts

Bond Yield2.56-0.11 %May 13
Exchange Rate1.120.65 %May 13
Stock Market20,594-0.99 %May 13

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