Giovedì, 20 Settembre 2018

Italian industrial production down 1.1% in July


Rome, September 12 - Industrial production in
recession-hit Italy dropped 1.1% in July compared to June,
according to seasonally adjusted data released by national
statistics agency Istat Thursday.
The drop is a disappointment to analysts as it comes after
two consecutive month-on-month rises in production that had been
seen as signs Italy is pulling out of its longest recession in
over two decades.
Furthermore, the 1.1% drop was the biggest month-on-month
fall since June 2012.
Industrial production was 4.3% lower in July than in the
same month in 2012, the 23rd consecutive year-on-year drop,
Istat said.

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