Industrial output in Italy fell 0.9 percent from a month earlier in March 2019, following a 0.8 percent gain in the previous month and in line with market expectations. Production dropped for intermediate goods (-0.3 percent compared to 0.1 percent in February) and non-durable consumer goods (-2.8 percent compared to 4.0 percent). Also, output growth slowed for investment goods (0.1 percent compared to 1.1 percent). On the other hand, energy output declined less (-0.4 percent compared to -2.4 percent) and production of durable consumer goods rebounded (0.2 percent compared to -0.1 percent). On a year-on-year basis, output went down 1.4 percent, after a 0.9 percent rise and compared with market consensus of a 0.9 percent fall. Considering the first quarter of the year, industrial production increased by 1.0 percent compared to the previous quarter. 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 -0.30 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.