FX.co ★ Italy Industrial Output Grows 0.5% in April

Italy’s industrial production rose by 0.5% month-on-month in April 2026, defying market expectations of a 0.1% decline and following a downwardly revised 0.6% increase in March. Growth in capital goods output eased (1.0% vs 2.1% in March), while production of intermediate goods accelerated (0.8% vs 0.3%). At the same time, contractions in consumer goods (-0.1% vs -0.4%) and energy (-0.2% vs -1.2%) were less pronounced.

On an annual basis, industrial production grew by 1.3%, after a downwardly revised 1.4% increase in March. Output rose sharply for capital goods (6.4% vs 5.6%) and intermediate goods (1.8% vs 0.4%), whereas energy (-2.7% vs -3.1%) and consumer goods (-4.1% vs -1.9%) continued to decline. By sector, the strongest gains were recorded in the manufacture of transport equipment (17.8%), basic pharmaceutical products and pharmaceutical preparations (7.9%), and machinery and equipment (6.1%).