FX.co ★ Italy Industrial Output Falls in May

Italy's industrial production saw a month-on-month decline of 0.7% in May 2025, following a downward revision of a 0.9% increase in April, contrary to market forecasts that expected no change. This decrease was predominantly due to reduced output in intermediate goods (-1.0%) and consumer goods (-1.3%). However, energy output experienced a rise of 0.7%, with capital goods remaining unchanged. Comparing year-over-year figures, industrial production fell by 0.9%, below market expectations for a 0.2% rise, and reversing a revised 0.1% increase in April, marking it as the first annual increase in more than two years. Nonetheless, the average production over the February to May period showed a 0.6% rise when compared to the preceding three months.