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.