Italy's industrial production dropped 0.2 percent from a month earlier in June 2019, following a 1 percent growth in May, while markets had forecast a 0.3 percent contraction. Consumer goods output led the declines (-0.7 percent), followed by intermediate goods (-0.6 percent) and investment goods (-0.1 percent). By contrast, energy production jumped 2.4 percent. On a work-day adjusted year-on-year basis, output shrank 1.2 percent in June, following a 0.6 percent fall in May. In the second quarter, output was down 0.7 percent compared with the previous three months, following a 1 percent rise in the first quarter. 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 0.40 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 0.50 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.