Italy's industrial production contracted 0.7 percent from a month earlier in July 2019, following a revised 0.3 percent drop in June and compared to market expectations of 0.2 percent decline. Capital goods output fell the most (-1.6 percent vs -0.3 percent), followed by non-durable consumer goods (-0.6 percent, the same as in June) and intermediate goods (-0.2 percent vs -0.5 percent). In contrast, energy production rose 1.3 percent (vs 2.4 percent in June) and durable consumer goods output rebounded 0.9 percent (vs -1.1 percent in June). 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 -0.20 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.