FX.co ★ Italy Industrial Output Falls 0.4% in December

Italy’s industrial production fell by 0.4% month-on-month in December 2025, reversing a 1.5% increase in November and performing slightly better than market forecasts of a 0.5% decline. Output contracted for consumer goods (-0.9% vs +1.1% in November) and intermediate goods (-0.4% vs +0.2%), while growth slowed for capital goods (+0.5% vs +2.1%) and energy (+1.2% vs +4.2%).

On a yearly basis, industrial production grew by 3.2%, accelerating from a 1.4% rise in the previous month. Output increased across all main categories: capital goods (+7.2% vs +3.3%), intermediate goods (+2.9% vs +1.0%), energy (+1.7% vs +2.2%), and consumer goods (+0.1% vs -0.8%). The strongest year-on-year gains were recorded in basic pharmaceutical products and pharmaceutical preparations (+23.8%), other manufacturing industries (+9.3%), and metallurgy and fabricated metal products (+7.4%).

For the whole of 2025, industrial production edged down by 0.2%.