Italy's industrial production slumped 1.6 percent from a month earlier in November 2018, much worse than market expectations of a 0.3 percent decline and following a meager 0.1 percent gain in October. Output fell for consumer goods (-0.9 percent vs 1.3 percent in October), investment goods (-1.7 percent vs unchanged) and intermediate goods (-2.4 percent vs -0.4 percent), while energy production rose 1 percent (vs -3 percent in October). On a year-on-year basis, output was down 2.6 percent in November, the steepest annual drop since October 2014. Industrial Production Mom in Italy averaged 0.19 percent from 1960 until 2018, reaching an all time high of 13.50 percent in December of 1972 and a record low of -14.80 percent in January of 1973.
Industrial Production Mom in Italy is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Italy to stand at 0.30 in 12 months time. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.