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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Industrial Sales MoM climbed to 0.6% in May 2026
FMPMonthlyReleased July 2026
Italy Industrial Sales MoM climbed to 0.6% in May 2026, released July 2026, up 0.8% from April's -0.2% reading. The print exceeded the -0.7% consensus by 1.3%. The print is running well above the 12-month average of 0.27%. Over the past 3 months, Industrial Sales MoM averaged 1.15%, vs 0.27% in the prior 3-month window. The reading is in the 72nd percentile of the trailing 24-month range.
Latest Release
0.6
Actual
-0.7
Consensus
-0.2
Previous
Median Absolute Error
±0.56 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.15
Actual: 0.6
Error: -0.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.56 | FOREX | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.45 | INDEX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.40 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Sales MoM (Italy) was reported at 0.6% in July 2026. This beat the market consensus of -0.7% by 1.3%. The reading rose from the previous value of -0.2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.5%, ranging from -0.7% to 2.1% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 0.97%, up from the prior three at 0.03%. Volatility over the past year (σ 0.89%) is lower than the prior year (σ 1.64%). In July readings over the past 3 years, Industrial Sales MoM has averaged -0.83%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with FTSE 100, negatively correlated (Bearish FTSE 100). Over the last 12 releases, the Sigmacast model's median absolute error is 0.56%.
WHAT TO WATCH NEXT
The next release is scheduled for August 28, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and Retail Sales MoM (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Industrial Sales MoM - IT
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About Industrial Sales MoM — Italy
DEFINITION
Industrial Sales MoM (Month-over-Month) is a key financial indicator that measures the change in sales of goods produced by industrial companies over a one-month period. This indicator provides valuable insights into the current state of the industrial sector and can help investors and analysts make informed decisions about the overall health of the economy. A positive MoM growth in industrial sales indicates a strong demand for goods, while a negative growth may signal a slowdown in economic activity.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 0.6 %, consensus -0.7 %. Prior reading (Apr 2026): 0.3 %. Before that (Mar 2026): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.56) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - IT Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | IT | Gross Domestic Product YoY | 1 | 0.8 | 0.7 | 0.85 | Low |
| 08:00 | IT | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 08:00 | IT | GDP Growth Rate YoY | 1 | 0.8 | 0.7 | 0.85 | High |
| 08:00 | IT | Gross Domestic Product QoQ | 0.2 | 0.3 | 0.1 | 0.15 | Low |
| 09:00 | IT | Unemployment Rate | 5.7 | 5.3 | 5.1 | 5.40 | Medium |
| 10:00 | IT | Producer Price Index YoY | 5.8 | 7.3 | 5.4 | 5.60 | Low |
| 10:00 | IT | Producer Price Index MoM | 0 | -0.2 | -0.4 | -0.20 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | IT | Business Confidence | 89.6 | 88.6 | 88.9 | 89.25 | Medium |
| 08:00 | IT | Consumer Confidence | 94.2 | 92.4 | 92.5 | 93.35 | Medium |