Free Trial

Italy July Industrial Production Preview

ITALY DATA
MNI (London)
Consensus: +3.5% m/m; -9.8% y/y; Prev (Jun): +8.2% m/m, -13.7% y/y
  • Italian IP is forecast to recover further in Jul, although at a slower speed of 3.5% on a monthly basis.
  • Output took a big hit in Mar and Apr when the economy was under lockdown but rebounded sharply in May when monthly IP jumped 41.6%.
  • In June, production showed another strong growth rate of 8.2% m/m, while the annual rate continued to register a negative reading of -13.7%.
  • Italy's mfg PMI improved further in Aug, rising to a two-year high due to both output and new orders showing the sharpest increase since Feb 2018.
  • According to the EZ mfg PMI report, Italy led the way in terms of growth within the EZ in Aug, recording its best improvement in operating conditions for 26-months.
  • Similarly, Istat's mfg confidence index rose slightly in August, with opinions on order books increasing, while expectations on production declined.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.