Italy’s industrial production decreased by 0.4% month-on-month in December 2025, reversing a 1.5% rise in November but coming in slightly below market expectations of a 0.5% fall. Output dropped 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 an annual basis, industrial production grew by 3.2%, accelerating from a 1.4% gain in the previous month, with increases in output for capital goods (7.2% vs 3.3%), intermediate goods (2.9% vs 1%), energy (+1.7% vs 2.2%), and consumer goods (0.1% vs -0.8%). The biggest year-on-year increases were seen in the production of basic pharmaceutical products and pharmaceutical preparations (23.8%), other manufacturing industries (9.3%), and metallurgy and fabrication of metal products (7.4%). For the full year of 2025, industrial output edged down by 0.2%.

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