Global| Feb 11 2008Italy’s IP is Sinking Fast…
Summary
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 [...]
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% |
| Memo | ||||||
| Transportation | -3.7% | -3.8% | 0.1% | -25.9% | -10.3% | -5.9% |
Robert Brusca
AuthorMore in Author Profile »Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
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