Italy's industrial output rose 0.3 percent from a month earlier in August 2019, following a revised 0.8 percent contraction in July and beating market expectations of 0.1 percent growth. There was an increase in production of investment (0.4 percent) and consumer goods (0.3 percent), while output declined for energy (-0.9 percent) and intermediate goods (-0.5 percent). Year-on-year, output was down 1.8 percent, following a 0.7 percent fall in the previous month. 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.
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 -0.30 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.