Italian Industry Shows Signs Of Weakness
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ING Economic and Financial Analysis4.95K FollowersFollow5ShareSavePlay(3min)CommentsSummaryItaly’s industrial production data for October points to renewed weakness, tempering expectations of a stronger economic pickup in the final quarter of the year.After volatility in August and September, driven by summer shutdowns, October data was key to gauging underlying industrial momentum.Istat reports a 1% monthly drop in the seasonally adjusted production index and a 0.3% annual decline (adjusted for working days). Roman Barkov/iStock via Getty Images By Paolo Pizzoli, Senior Economist, Italy, Greece After volatility in August and September, driven by summer shutdowns, October data was key to gauging underlying industrial momentum. Leading indicators suggested a mild contraction, but the official estimate shows aThis article was written byING Economic and Financial Analysis4.95K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.Quick InsightsHow did Italy's industrial production perform in October?Italy's seasonally adjusted industrial production index dropped 1% month-on-month in October, with a 0.3% annual decline after adjusting for working days.Which sectors showed resilience or weakness in the latest data?Transport equipment and textiles continued to underperform, while pharmaceuticals and electronics posted strong year-to-date results.What are the prospects for industrial recovery and GDP growth in Italy?Gradual production improvement is expected, but a decisive industrial rebound likely awaits Germany's investment plan, making services the main GDP growth driver in the near term.Recommended For You