Italy's industrial production jumped 42.1 percent from a month earlier in May of 2020, rebounding from an upwardly revised 20.5 percent fall in April and beating market expectations of a 22.8 percent rise. It was the biggest gain in industrial activity since the series began in 1990 following the lifting of coronavirus-related lockdown. On a work-day adjusted year-on-year basis, output declined 20.3 percent, following an upwardly revised 43.4 percent slump in the previous month and compared to market expectations of a 32.5 percent drop.
Industrial Production Mom in Italy averaged 0.18 percent from 1960 until 2020, reaching an all time high of 42.10 percent in May of 2020 and a record low of -28.50 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 August of 2020. source: National Institute of Statistics (ISTAT)
Industrial Production Mom in Italy is expected to be -2.30 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 0.60 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.