Industrial production in Italy tumbled 28.4 percent from a month earlier in March of 2020, following a downwardly revised 1 percent fall in the previous month and compared to market expectations of a 20 percent drop. It was the biggest decline in industrial activity since the series began in 1990, due to the negative impact of the coronavirus outbreak. Output fell for all main components: consumer goods (-27.2 percent vs -0.9 percent); energy (-10.1 percent vs 2.7 percent); intermediate goods (-27.3 percent vs -1.1 percent) and investment goods (-39.9 percent vs 0.3 percent). Year-on-year, industrial production slumped 29.3 percent, also a record low and after an upwardly revised 2.3 percent decrease.
Industrial Production Mom in Italy averaged 0.15 percent from 1960 until 2020, reaching an all time high of 13.50 percent in December of 1972 and a record low of -28.40 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 May of 2020. source: National Institute of Statistics (ISTAT)
Industrial Production Mom in Italy is expected to be -0.20 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 2021, according to our econometric models.