Industrial production in Italy surged 1.7 percent from a month earlier in January of 2019, up from a downwardly revised 0.7 percent fall in the previous month and easily beating market expectations of a 0.1 percent increase. It was the first gain in industrial activity since August of 2018, as output rebounded sharply for energy (6.4 percent from -1.4 percent in December) and consumer goods (2.4 percent from -2.9 percent). In addition, production rose faster for both investment (0.3 percent from 0.1 percent) and intermediate goods (1 percent from 0.1 percent). On a year-on-year basis, output was down 0.8 percent in January, following a 5.5 percent slump in December. 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 0.30 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.