Italy's industrial production slumped 19.1 percent from a month earlier in April 2020 after falling at a record 28.4 percent in March and compared to market expectations of a 24 percent drop. Output contracted for durable (-65.5 percent vs -57.1 percent) and non-durable goods (-8.4 percent vs -21.5 percent) as well as intermediate (-24.6 percent vs -27.5 percent) and capital goods (-21.8 percent vs -39.9 percent). Meanwhile, energy production rebounded 0.7 percent, after falling 8.8 percent in March. On a work-day adjusted year-on-year basis, output plummeted 42.5 percent in April, following a 29.4 percent fall in March.
Industrial Production Mom in Italy averaged 0.12 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 July of 2020. source: National Institute of Statistics (ISTAT)
Industrial Production Mom in Italy is expected to be 4.50 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 0.50 in 12 months time. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.60 percent in 2021 and 0.30 percent in 2022, according to our econometric models.