Italy's industrial output increased 0.9 percent from a month earlier in May 2019, following an upwardly revised 0.8 percent fall in April and beating market forecasts of a 0.1 percent gain. Production rebounded for consumer goods (0.9 percent from -0.6 percent in April), of which durable (3.4 percent from -1.8 percent) and non-durable (0.4 percent from -0.3 percent); investment (1.9 percent from -2.5 percent) and intermediate goods (0.6 percent from -0.7 percent). Meanwhile energy output dropped 2.1 percent, after rising 3.5 percent in the previous month. On a yearly basis, industrial output went down 0.7 percent, following a 1.5 percent decline in April. Industrial Production Mom in Italy averaged 0.19 percent from 1960 until 2019, 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 0.50 in 12 months time. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.30 percent in 2020, according to our econometric models.