Italy's industrial production decreased 0.8 percent year-on-year in January of 2019, following a 5.5 percent slump in the previous month and compared with market expectations of a 3 percent fall. On a monthly basis, industrial output rose 1.7 percent, rebounding from a downwardly revised 0.7 percent decline in December. It was the first gain in industrial activity since August of 2018. Industrial Production in Italy averaged 0.06 percent from 1991 until 2019, reaching an all time high of 17.50 percent in August of 1994 and a record low of -26 percent in April of 2009.
Industrial Production in Italy is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Italy to stand at 1.40 in 12 months time. In the long-term, the Italy Industrial Production is projected to trend around 2.20 percent in 2020, according to our econometric models.