Italy’s industrial production sank by 0.7% from a month earlier in January of 2023, surpassing estimates of a 0.1% decrease to mark the fourth month of contraction since September of 2022, pulling back from the downwardly revised 1.2% increase in December 2022. Output contracted by 2 percent for capital goods after a 3.3 percent increase in the previous month, while production of intermediate goods extended its 0.6 percent contraction from the previous month. By individual industries, production shrank at a strong pace for pharmaceutical products (-6.1%), the manufacturing of machinery and equipment (-4.7%), transportation equipment (-3.3%), and textiles (-2.7%). On the other hand, increases for coke and refined petrol goods (5 percent) and extractive industries (4 percent) limited the industrial downturn. On a yearly basis, industrial production was 1.4% higher. source: National Institute of Statistics (ISTAT)
Industrial Production Mom in Italy averaged 0.20 percent from 1960 until 2023, reaching an all time high of 44.70 percent in May of 2020 and a record low of -28.10 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 March of 2023.
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. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.50 percent in 2024 and 0.20 percent in 2025, according to our econometric models.