Italy's industrial production went up 0.1 percent from a month earlier in November 2019, following a 0.3 percent decrease in the previous month while markets had expected it to remain flat. Output recovered for capital goods (0.8 percent vs -0.8 percent in October) and it rose faster for intermediate goods (0.7 percent vs 0.1 percent). In contrast, production decreased for energy (-2.1 percent vs -2 percent) and consumption goods (-0.2 percent vs 0.2 percent), led by non-durable goods (-0.5 percent vs 0.3 percent). On a yearly basis, industrial production decreased 0.6 percent, after falling 2.4 percent in the previous month and matching market estimates. 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. source: National Institute of Statistics (ISTAT)
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 0.20 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.