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

MNI: ITALY DATA: Industrial Production (Mar 2019) Preview - 09:00 BST
- Bloomberg Consensus: -0.8% m/m, -0.8% y/y; Previous (Feb): 0.8% m/m, 0.9% y/y
- After four consecutive m/m declines, IP rebounded in Jan (+1.9%) & Feb (+0.8%)
- Consumer goods output expanded by a robust 3.2% m/m in Feb, while production
of investment (+1.1%) & intermediate (+0.2%) goods also increased
- While markets look for a Mar contraction, IP likely registered a quarterly
rebound in Q1 after having slumped in Q4
- Indeed, having subtracted from GDP growth in each qrtr of 2018, the industrial
sector looks to have helped Italy exit recession at the start of the year 
- Nevertheless, the industrial sector outlook remains fairly subdued... 
- ... Italy's manufacturing PMI survey recorded a ninth consecutive decline in
output and new orders in Apr
- Even if global growth picks up more strongly in the coming quarters, domestic
demand has been - and looks likely to remain - a persistent problem for Italy's

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