Italy’s industrial production sank by 0.7% from a month earlier in January of 2023, surpassing estimates of a 0.1% decrease to mark the fourth month of contraction since September of 2022, pulling back from the downwardly revised 1.2% increase in December 2022. Output contracted by 2 percent for capital goods after a 3.3 percent increase in the previous month, while production of intermediate goods extended its 0.6 percent contraction from the previous month. By individual industries, production shrank at a strong pace for pharmaceutical products (-6.1%), the manufacturing of machinery and equipment (-4.7%), transportation equipment (-3.3%), and textiles (-2.7%). On the other hand, increases for coke and refined petrol goods (5 percent) and extractive industries (4 percent) limited the industrial downturn. On a yearly basis, industrial production was 1.4% higher. source: National Institute of Statistics (ISTAT)

Industrial Production Mom in Italy averaged 0.20 percent from 1960 until 2023, reaching an all time high of 44.70 percent in May of 2020 and a record low of -28.10 percent in March of 2020. This page provides the latest reported value for - Italy Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Industrial Production Mom in Italy is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.50 percent in 2024 and 0.20 percent in 2025, according to our econometric models.

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Italy Industrial Production MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 09:00 AM Dec 1.6% -0.1% -0.1% -0.1%
2023-03-14 09:00 AM Jan -0.7% 1.2% -0.1% 0.5%
2023-04-13 08:00 AM Feb -0.7% -0.4%


Related Last Previous Unit Reference
Business Confidence 102.80 102.80 points Feb 2023
Industrial Production Mom -0.70 1.20 percent Jan 2023
Industrial Production 1.40 -0.90 percent Jan 2023
Manufacturing Production 2.97 2.00 percent Jan 2023
Capacity Utilization 77.60 77.70 percent Dec 2022
New Orders 123.00 109.70 points Dec 2020
Factory Orders 1.70 -1.40 percent Dec 2020
Changes in Inventories -4978.90 637.30 EUR Million Dec 2022
Mining Production -4.84 -5.74 percent Jan 2023
Manufacturing Sales 0.70 0.90 percent Dec 2022

Italy Industrial Production MoM
In Italy, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within Manufacturing are: Metallurgy and fabricated metal products (14 percent of total production); machinery and equipment (12 percent); food, drink and tobacco (10 percent); rubber and plastics products and non-metallic mineral products (9 percent); textile, clothing and leather (8 percent); transport equipment (7 percent); and other manufacturing, repair and installation of machinery and equipment (7 percent). Electricity, gas, steam and air conditioning account for 10 percent of total output and Mining and quarrying account for 1 percent.
Actual Previous Highest Lowest Dates Unit Frequency
-0.70 1.20 44.70 -28.10 1960 - 2023 percent Monthly
SA

News Stream
Italian Industrial Production Declines More than Expected
Italy’s industrial production sank by 0.7% from a month earlier in January of 2023, surpassing estimates of a 0.1% decrease to mark the fourth month of contraction since September of 2022, pulling back from the downwardly revised 1.2% increase in December 2022. Output contracted by 2 percent for capital goods after a 3.3 percent increase in the previous month, while production of intermediate goods extended its 0.6 percent contraction from the previous month. By individual industries, production shrank at a strong pace for pharmaceutical products (-6.1%), the manufacturing of machinery and equipment (-4.7%), transportation equipment (-3.3%), and textiles (-2.7%). On the other hand, increases for coke and refined petrol goods (5 percent) and extractive industries (4 percent) limited the industrial downturn. On a yearly basis, industrial production was 1.4% higher.
2023-03-14
Italy Industrial Output Unexpectedly Rises
Italy's industrial production rose 1.6 percent from a month earlier in December 2022, recovering from three consecutive months of contraction and easily beating market expectations of a 0.1 percent fall. Output of capital goods surged 3.1 percent and that of energy goods advanced 2.6 percent. In addition, the production of consumer and intermediate goods increased by 1.6 percent and 0.8 percent, respectively. By individual industries, the largest rises were seen in the manufacture of electrical equipment (27.4 percent) and pharmaceutical production (18.1 percent), while the fastest contraction rates were reported for wood, paper and printing industry (-15.0 percent) and supply of electricity, gas and air (-13.8 percent). On a yearly basis, output rose 0.1 percent in December, following a revised 3.4 percent drop in November. Across the whole of 2022, industrial production posted a 0.5 percent increase.
2023-02-10
Italian Industrial Production Contracts for 3rd Month
Industrial production in Italy fell by 0.3 percent from a month earlier in November of 2022, easing from the 1.1 percent contraction in the previous month, compared to market expectations of a 0.3 percent increase. It was the third consecutive month of industrial contraction, as output fell for consumer goods (-0.4 percent vs -3.1 percent in October), energy (-4.5 percent vs -1.3 percent), and intermediate goods (-0.3 percent vs stall). On the other hand, industrial production ticked higher for capital goods (0.1 percent vs 0.2 percent). Year-over-year, industrial output fell by 3.7 percent, the sharpest decline since November 2020.
2023-01-13