Istat data for February

Industry revenues ahead slowly

Progress of 0.6% for the month, half a point for the year. Steady volumes. First two months in the red by one decimal place

by Luca Orlando

28 April 2026

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

February saw moderate growth for industry revenues, which advanced by 0.6 per cent on a monthly basis, half a point in trend terms. Growth was achieved thanks to capital goods and intermediate goods, while consumer durables were in the red by almost three points.

Support came almost entirely from prices, while volumes were stationary, with deviations of just one decimal place on both a monthly (-0.1%) and trend basis (+0.1%).

The growth of the month in terms of values, however, does not bring the balance of the first two months back into the black, which fell in terms of revenue by one decimal place.

In detail

In February 2026, industry turnover, net of seasonal factors, is estimated to increase cyclically by 0.6% in value and fall by 0.1% in volume. There are decreases on the domestic market (-0.2% in value and -0.7% in volume) and increases on the foreign market (+1.9% in value and +1.0% in volume). For the services sector, a cyclical decrease of 0.1% in value and 0.3% in volume is estimated, with a negative trend in wholesale trade (-0.2% in value and -0.7% in volume) and a zero change in value and a 0.2% decrease in volume in other services.

The seasonally adjusted indices of turnover in value referring to the main industry groupings recorded a cyclical increase in February for capital goods (+1.8%) and consumer goods (+0.8%), while intermediate goods (-0.6%) and energy (-1.4%) decreased.

In the quarter December 2025 - February 2026, in cyclical terms, industry turnover, net of seasonal factors, increased in value (+0.3%) and decreased in volume (-0.1%). In the same time frame, for services, there is an increase of 0.8% in value and a zero change in volume.

On a trend basis, in February 2026, industry turnover, adjusted for calendar effects, recorded an increase in value (+0.5%) and in volume (+0.1%), summarising growth of 0.4% in value and 0.5% in volume on the domestic market and an increase of 0.7% in value and a decrease of similar intensity in volume on the foreign market. For the services sector, net of calendar effects, there were trend increases of 2.4% in value and 0.6% in volume. Positive changes were recorded both in wholesale trade (+2.5% in value and +2.2% in volume) and in other services (+2.3% in value and +0.4% in volume). There were 20 calendar working days in February 2026, the same as in February 2025.

The calendar-adjusted indices of turnover in value referring to the main industry groupings show, on an annual basis, a marked decline for energy (-11.3%), while moderate increases were observed for capital goods (+2.0%) and intermediate goods (+1.6%) and a substantial stagnation for consumer goods (+0.1%).

Luca Orlandoinviato-caporedattore
- @lucaorlando66
Luogo: Milano
Lingue parlate: Inglese
Argomenti: Imprese, meccanica, innovazione, export, macchinari, Industria 4.0, robot
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