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MNI: ITALY DATA: Industrial Production (Feb 2019)....>

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MNI: ITALY DATA: Industrial Production (Feb 2019) Preview - 09:00 BST
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- Bloomberg Consensus: -0.8% m/m, -1.1% y/y; MNI Median: -0.9% m/m
- Previous (Jan): 1.7% m/m, -0.8% y/y
- After declining for four consecutive months, Italian industrial production
rebounded in Jan...
- ...but markets look for a renewed decline in Feb
- All the main sub-sectors saw output strengthen at the beginning of the year...
- ... Energy (+6.4%) and Consumer Goods (+2.4%) posted the healthiest gains
- Output was down by 1.7% in Nov-Jan vs the previous three months and was 0.8%
lower on the year in Jan
- More timely indications suggest a sustained upturn is not yet on the cards...
- ...Italy's manufacturing PMI was below the 50 no-change mark for the sixth
month running in Mar
- Slower growth in both the Eurozone and China remain significant headwinds for
the Italian industrial sector

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