Industrial production in Italy dropped 0.2 percent month-over-month in September 2018, following a 1.7 percent rise in August and below market expectations of a 0.7 percent decrease. Output fell for capital goods (-1.6 percent vs 3.5 percent in August) and energy (-0.1 percent vs 2.9 percent). Meantime, production slowed for consumer goods (0.3 percent vs 0.8 percent), as a 0.7 percent recovery in non-durable consumer goods (vs -0.2 percent in August) was offset by a 1.9 percent decline in durable consumer goods (vs 5.9 percent in August). In contrast, output rose faster for intermediate goods (1.1 percent vs 0.3 percent). On a yearly basis, industrial output rose 1.3 percent, reversing from a 0.8 percent fall in August. Considering the first nine months of the year, industrial output grew 1.7 percent compared to the same period of 2017. Industrial Production Mom in Italy averaged 0.20 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 -0.10 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 0.40 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.