Italy's industrial production rose 7.4 percent from a month earlier in July of 2020, following an 8.2 percent jump in June and beating market expectations of a 3.5 percent increase. It was the third consecutive monthly gain following the lifting of coronavirus-related lockdown. Output growth slowed in all categories: consumption goods (6.2 percent vs10.5 percent in June); capital goods (11.8 percent vs 8.2 percent); intermediate goods (7 percent vs 8.4 percent) and energy (0.1 percent vs 2.1 percent). Year-on-year, output declined 8 percent, after an upwardly revised 13.9 percent tumble in the previous month and compared with market consensus of a 9.7 percent slump.
Industrial Production Mom in Italy averaged 0.19 percent from 1960 until 2020, reaching an all time high of 41.50 percent in May of 2020 and a record low of -27.90 percent in March of 2020. This page provides the latest reported value for - Italy Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Institute of Statistics (ISTAT)
Industrial Production Mom in Italy is expected to be -2.30 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 0.60 in 12 months time. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.60 percent in 2021 and 0.30 percent in 2022, according to our econometric models.