Italy Industrial Output Falls 1.3% MoM in August

Italy’s industrial production dropped 1.3% month-on-month in August 2026, reversing a downwardly revised 0.6% increase in July and compared with market forecasts for no change. It marked the biggest monthly fall in a year, dragged by lower output of consumer goods (-1.2% vs 2.0% in July), capital goods (-0.9% vs 0.1%), and intermediate goods (-1.8% vs 0.2%). Meanwhile, energy production rebounded (2.8% vs -1.2%). On an annual basis, industrial output was unchanged, following a revised 0.1% drop in July, as a sharp increase in energy output (11.5% vs 5.9%) and a rebound in capital goods (0.7% vs -0.2%) were partly offset by declines in consumer goods (-4.4% vs -1.3%) and intermediate goods (-4.0% vs -0.9%). Among sectors, electricity, gas, steam, and air conditioning supply recorded the largest annual increase (14.5%), while the textile, clothing, leather, and accessories industries saw the steepest decline (-14.0%).

Italy’s industrial production rose 0.7% month-on-month in July 2026, rebounding from a revised 1.1% drop in June and beating market forecasts for a 0.3% gain. Output rebounded for consumer goods (2.1% vs -0.5% in June), intermediate goods (0.5% vs -0.8%), and capital goods (0.2% vs -2.0%). Meanwhile, energy production fell 0.9%, reversing a 0.2% increase in the previous month. On a yearly basis, industrial output was unchanged, following a 0.6% fall in June and outperforming market expectations for a 0.6% drop. Energy production rose sharply (6.4% vs 0.9%), while smaller declines were seen in intermediate goods (-0.8% vs -1%) and consumer goods (-1.2% vs -3.2%). Capital goods edged down 0.1%, following a 0.8% increase previously. Among sectors, the energy sector recorded the strongest annual increase, rising 7.6%, followed closely by the production of basic pharmaceutical products and pharmaceutical preparations, which increased 7.4%.

Italy’s industrial production dropped 1% month-on-month in June 2026, following a 0.3% fall in May and missing market expectations for a 0.3% rise. The downturn was broad-based, with output falling further for capital goods (-2.1% vs -0.2% in May), intermediate goods (-0.9% vs -0.7%), and consumer goods (-0.7% vs -0.4%). Energy production growth also slowed sharply to 0.8% from 4.4%. Yearly, industrial output fell 0.6%, reversing an upwardly revised 1.2% rise in May and against expectations of a 1% gain. Consumer goods (-3.2% vs -2.9%) and intermediate goods (-1.2% vs 0.8%) posted declines, while growth in capital goods eased significantly (0.6% vs 4.9%). Energy output, meanwhile, increased further (1.7% vs 1.5%). By industry, the largest annual declines were reported in the manufacture of textiles, clothing, leather, and related accessories (-7.1%), other manufacturing activities, repair and installation of machinery and equipment (-3.6%), and machinery and equipment n.e.c. (-2.3%).