Martedì, 23 Ottobre 2018
ROME

Confindustria president quashes optimism on Italian economy

English
© ANSA

Rome, July 2 - The chief of the Italian
industrialists' federation Confindustria on Tuesday bucked
recovery optimism expressed by the economy minister.
Economy Minister Fabrizio Saccomanni on Tuesday told a
Confindustria assembly in Rome, "There are a number of signs of
improvement even in Italy...signs that the economy is
recovering".
Saccomanni said he expected a "very significant impact on
the economic cycle in the second part of the year, and
particularly in the fourth quarter".
"I deeply respect Saccomanni, but I truly don't see signs
of light yet," said Giorgio Squinzi, president of Confindustria.
"May was better than April, June (better) than May, but
industrial production in June is down 1.7% on an annual basis.
"We're nearing the bottom and towards the end of the year I
think we'll start climbing again," Squinzi said.

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