Industrial production in Italy increased 0.8 percent from a month earlier in February of 2019, easing from an upwardly revised 1.9 percent rise in January and compared with market expectations of a 0.8 percent decline. Output slowed sharply for intermediate goods (0.2 percent from 1.2 percent in January) and production fell for energy (-2.4 percent from 2.9 percent) and durable consumer goods (-0.1 percent from 1.7 percent). On the other hand, output advanced faster for non-durable consumer goods (3.9 percent from 2.7 percent) and investment goods (1.1 percent from 0.7 percent). On a year-on-year basis, output went up 0.9 percent, rebounding from a 0.8 percent drop in the previous month. It was the first gain in industrial activity since October of 2018. 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.