Italy’s industrial production increased by 0.5% month-on-month in April 2026, defying market expectations of a 0.1% fall, following a downwardly revised 0.6% increase in March. Growth in capital goods production slowed (1.0% vs 2.1% in March), while output for intermediate goods rose further (0.8% vs 0.3%). Smaller declines were also observed in the production of consumer goods (-0.1% vs -0.4%) and energy (-0.2% vs -1.2%). On a yearly basis, industrial output grew by 1.3% after a downwardly revised 1.4% gain in March. Production expanded strongly for capital goods (6.4% vs 5.6%) and intermediate goods (1.8% vs 0.4%), while energy (-2.7% vs -3.1%) and consumer goods (-4.1% vs -1.9%) registered declines. By industry, the strongest growth was recorded in the manufacture of transport equipment (17.8%), basic pharmaceutical products and pharmaceutical preparations (7.9%), and machinery and equipment (6.1%).

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