Italy's industrial production slumped 2.7 percent from a month earlier in December 2019, after being unchanged in November and compared to market expectations of a 0.5 percent fall. That was the steepest monthly drop in production since January 2018, with output of consumer goods, investment goods, intermediate goods and energy products all down more than 2 percent. In the fourth quarter, output declined 1.4 percent, the steepest fall since the fourth quarter of 2012. Over the whole of 2019 industrial output contracted 1.3 percent from the year before.
Industrial Production Mom in Italy averaged 0.18 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. 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. 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 2021, according to our econometric models.