Italy Industrial Output Rises More than Expected

Italy’s industrial production rose by 0.7% month-on-month in March 2026, topping market forecasts of a 0.2% gain and following an upwardly revised 0.2% increase in the previous month. Output expanded further for capital goods (2.1% vs 1.1% in February), while growth in intermediate goods remained steady at 0.3%. The declines in consumer goods (-0.4% vs -0.5%) and energy (-1.2% vs -5.4%) also eased. On a yearly basis, industrial output grew by 1.5%, accelerating from a downwardly revised 0.4% rise in February. Capital goods recorded a strong increase (5.8% vs 4.1%), while intermediate goods posted a modest rise (0.5% vs 0.6%). Production of consumer goods fell at a slower pace (-1.9% vs -2.3%), whereas energy output declined more sharply (-3.1% vs -2.9%). Among industries, the largest increases were observed in the manufacture of transportation equipment (11.2%), mining (6.7%), and computers, electronics, and optical products (6.1%).

Italy’s industrial production edged up by 0.1% month-on-month in February 2026, after a 0.6% fall in the previous month but missing market expectations of a 0.5% increase. Output rebounded in capital goods (1.1% vs -2.3% in January) and intermediate goods (0.2% vs -0.8%), though declines were seen in consumer goods (-0.4% vs -0.4%) and energy (-4.8% vs 3.4%). On a yearly basis, industrial output rose by 0.5%, in line with market forecasts and rebounding from a 0.6% decrease in January. Capital goods posted the strongest recovery (4.4% vs -0.4%), while intermediate goods increased slightly (0.1% vs -1.4%). Meanwhile, consumer goods continued to fall, albeit at a slower pace (-2.1% vs -3.3%), whereas energy production dropped by 2.1%, reversing a 9.1% growth in January. Among industries, the biggest gains were recorded in the manufacture of transportation equipment (10.0%), computers, electronics, and optical products (7.8%), and machinery and equipment (5.2%).

Italy’s industrial production fell by 0.6% month-on-month in January 2026, following an upwardly revised 0.5% drop in the previous month, against market expectations of a 0.3% increase. This marked the second consecutive monthly decline, amid lower output for capital goods (-2.2% vs 0.7% in December), intermediate goods (-0.8% vs -0.2%), and consumer goods (-0.6% vs -0.7%). Meanwhile, growth in energy production accelerated (4.5% vs 0.2%). On an annual basis, industrial output decreased by 0.6%, reversing a 2.7% rise in December. The drop was due to decreases in consumer goods (-3.8% vs 0.1%), intermediate goods (-1.6% vs 2.8%), and capital goods (-0.3% vs 7.3%), which more than offset a sharp rebound in energy production (10.4% vs -0.1%). Among industries, the steepest declines were recorded in the manufacture of coke and refined petroleum products (-12.9%), chemical products (-7.2%), and other manufacturing industries (-5.7%).