Italy Industrial Output Falls 0.3% in May

Italy’s industrial production fell 0.3% month-on-month in May 2026, slightly more than market expectations of a 0.2% decline, and reversing a revised 0.4% increase in the previous month. This marked the first contraction since January, as output declined in capital goods (-0.1% vs 1.0% in April) and intermediate goods (-0.8% vs 0.8%), while the fall in consumer goods deepened (-0.5% vs -0.1%). In contrast, energy production rebounded sharply (4.6% vs -0.2%). On an annual basis, industrial output rose 1.1%, unchanged from the revised April reading. Growth eased for capital goods (5.0% vs. 6.4%) and intermediate goods (0.8% vs. 1.8%), while the decline in consumer goods moderated (-3.2% vs. -4.1%), and energy output returned to growth (1.9% vs. -2.7%). By industry, the strongest growth was recorded in transportation equipment (11.6%), basic pharmaceutical products and pharmaceutical preparations (3.5%), and chemical products (3.3%).

Italy’s industrial production increased by 0.5% month-on-month in April 2026, defying market expectations of a 0.1% fall, following a downwardly revised 0.6% increase in March. Growth in capital goods production slowed (1.0% vs 2.1% in March), while output for intermediate goods rose further (0.8% vs 0.3%). Smaller declines were also observed in the production of consumer goods (-0.1% vs -0.4%) and energy (-0.2% vs -1.2%). On a yearly basis, industrial output grew by 1.3% after a downwardly revised 1.4% gain in March. Production expanded strongly for capital goods (6.4% vs 5.6%) and intermediate goods (1.8% vs 0.4%), while energy (-2.7% vs -3.1%) and consumer goods (-4.1% vs -1.9%) registered declines. By industry, the strongest growth was recorded in the manufacture of transport equipment (17.8%), basic pharmaceutical products and pharmaceutical preparations (7.9%), and machinery and equipment (6.1%).

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%).