Italy's industrial production went down 0.2 percent from a month earlier in December of 2020, following a 1.4 percent drop in November, missing to market expectations of a 0.3 percent growth. There were declines for output of consumer goods (-0.3 percent vs -4 percent in November) and investment goods (-0.8 percent vs -0.7 percent). On the other hand, production of energy products rebounded (1.8 percent vs -3.4 percent) and that of intermediate goods advanced faster (1 percent vs 0.3 percent). On a work-day adjusted year-on-year basis, output fell 2 percent, following a 4.2 percent drop and compared to market consensus of a 1.4 percent decrease. It was the 22nd straight month of declines. Considering the fourth quarter of 2020, industrial production slipped 2.7 percent when compared to the same period a year earlier, easing from a 5.1 percent slump in Q3. For full 2020, industrial output tumbled 11.4 percent, the most since 2009. source: National Institute of Statistics (ISTAT)
Industrial Production Mom in Italy averaged 0.20 percent from 1960 until 2020, reaching an all time high of 41.40 percent in May of 2020 and a record low of -28 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 2021.
Industrial Production Mom in Italy is expected to be 0.50 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 2022 and 0.30 percent in 2023, according to our econometric models.