Latest reading: Industrial production increased 8.2% on a year-on-year basis in November, following a 7.1% increase in the previous month....
Industrial Production in Italy
The Italian economy recorded an average industrial production growth rate of 0.1% in the decade to 2024. In 2024, industrial production growth was -4.0%. For more industry information, visit our dedicated page.
Italy Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Italy from 2014 to 2025.
Source: Macrobond.
Italy Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -11.0 | 11.8 | 0.4 | -2.1 | -3.9 |
Industrial production shrinks more than expected in October
Latest reading: Industrial production declined 1.0% in seasonally adjusted month-on-month terms in October, following 2.7% growth in the previous month. October’s reading was worse than markets had expected. Relative to the prior month's figures, readings in October worsened for manufacturing (-1.2% in seasonally adjusted month-on-month terms vs +1.4% in September), mining and quarrying (-0.2% vs +12.1% in September) and electricity, gas, steam and air conditioning (+0.7% vs +4.7% in September). On a year-on-year basis, industrial production was down 0.3% in October, following a 1.2% rise in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Italian industry projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Italian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Italian industry projections.
Want to get access to the full dataset of Italian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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