2018 Economic Calendar
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Italy : Industrial Production  
Released On 1/12/2018 4:00:00 AM For Nov, 2017
PriorPrior RevisedConsensusActual
Month over Month0.5 %0.6 %0.6 %0.0 %
Year over Year3.1 %3.0 %3.3 %2.2 %

November was a disappointing period for the goods producing sector. Excluding construction, output was only flat on the month, short of expectations and soft enough to reduce annual workday adjusted growth from 3.0 percent to 2.2 percent. This was its second worst performance since April.

Production was held in check by the consumer goods subsector which recorded a 0.7 percent monthly decline (non-durables minus 1.0 percent) following minimal gains of 0.1 percent in both September and October. With a fall of 0.3 percent, capital goods were not much better and intermediates were up only 0.1 percent. Consequently, that monthly growth held above minus figures was largely due to the volatile energy sector where output jumped 4.0 percent.

The latest report puts average production in the first two months of the quarter unchanged from its mean level in the third quarter when it rose a solid 1.3 percent versus April-June. According to the sector PMI survey (57.4), output growth reached a record high in December so it may be that the year ended on a much brighter note. The same survey was also very optimistic about new order flows which bodes well for the start of 2018. That said, the PMI has tended to overestimate the pick-up in goods production in recent months. The trend is most certainly up but there still looks to be a sizeable performance gap with the core Eurozone member states.

Industrial production measures the physical output of the nation's factories, mines and utilities. Construction is excluded. Approximately 4,100 companies provide data on more than 8,000 monthly flows of production.  Why Investors Care

2018 Release Schedule
Released On: 1/122/93/194/105/106/117/108/39/1210/1011/1212/10
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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