Italy April industrial production -0.7% vs 0.0% m/m expected

Latest data released by Istat – 10 June 2019

  • Prior -0.9%; revised to -1.0%
  • Industrial production WDA -1.5% vs -0.5% y/y expected
  • Prior -1.4%; revised to -1.6%

More disappointing data coming out of Italy. Although industrial activity is but a minor contributor to the economy, it mainly reinforces the notion of stagnant and poor economic conditions in the country at this point in time.

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