Industrial production in Italy went up 0.1 percent month-over-month in October 2018, following a downwardly revised 0.1 percent decrease in September and against market expectations of a 0.3 percent decline. The mild recovery in industrial activity was driven by production of consumer goods (1.3 percent vs 0.7 percent in September); namely durable consumer goods (2.6 percent vs -1.9 percent) and non-durable consumer goods (1.1 percent vs 1.2 percent). In contrast, output fell for energy (-3.0 percent vs -0.2 percent); intermediate goods (-0.3 percent vs 1.2 percent) and capital goods (-0.1 percent vs -1.7 percent). Year-on-year, industrial production grew 1.0 percent, after an upwardly revised 1.4 percent rise in September. Considering the January to October period of 2018, industrial activity advanced 1.7 percent over a year earlier. Industrial Production Mom in Italy averaged 0.19 percent from 1960 until 2018, 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 -0.10 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 0.40 in 12 months time. In the long-term, the Italy Industrial Production MoM is projected to trend around 0.20 percent in 2020, according to our econometric models.