Italy's industrial output fell 0.7 percent from a month earlier in April 2019, following a revised 1 percent decline in March and missing market expectations of 0.1 percent growth. That was the second consecutive decline in output, as production fell for investment goods (-2.5 percent vs unchanged), intermediate goods (-0.7 percent vs -0.5 percent) and consumer goods (-0.5 percent vs -2.3 percent). By contrast, energy production rose 3.6 percent, recovering from a 0.4 percent decrease in March. Year-on-year, industrial output slumped 1.5 percent, also worse than market consensus of a 0.2 percent drop. 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 -0.30 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.