Recent Updates

  • US: New Residential Construction (May)
  • US: New Residential Construction (May)
  • Japan: Semiconductor Mfg Equipment Billings (May)
  • Italy: Construction Production & Construction Cost Indexes (Apr)
  • France: Imported Raw Materials Prices (May)
  • Namibia: GDP (Q1); Egypt: Foreign Trade Summary (Apr); Angola: WPI (May)
  • Greece: Turnover Index (Apr)
  • Sweden: LFS, Hours Worked (May); Iceland: Building Cost Index
  • more updates...

Economy in Brief

Italy’s IP is Sinking Fast…
by Robert Brusca February 11, 2008

Italy is the most troubled of the large EMU economies. It’s Industrial Output is declining on a clear downward trend. For its three major sectors, Consumer goods, Intermediate goods and Capital goods output trends are declining over horizons of three months, six months, and twelve months. The degree of deceleration is becoming more intense.

Italy is the exception to the Euro Area economy ‘rule’ since the output of even capital goods is weak there. Indeed, the capital goods sector has the sharpest negative growth rate over three months at -23.6%.

Italy IP excluding construction
Saar except m/m Dec-07 Nov-07 Oct-07 3-mo 6-mo 12-mo
IP-MFG -0.5% -1.7% -0.8% -11.5% -6.7% -6.4%
Consumer Goods -1.4% -0.3% 0.0% -6.6% -3.2% -6.8%
Capital Goods -2.3% -2.5% -1.9% -23.6% -11.0% -10.3%
Intermediate Goods -0.3% -1.4% -0.6% -8.9% -6.7% -5.7%
Transportation -3.7% -3.8% 0.1% -25.9% -10.3% -5.9%
large image