Italy's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Italy industrial output in shock slump

Share this article

Italy industrial output in shock slump
Italy's industrial production dropped unexpectedly in May. Photo: Shutterstock
11:36 CEST+02:00
Italy's industrial production dropped unexpectedly in May in the biggest slump since November 2012, national statistics data showed on Thursday.

Industrial output slid 1.2 percent compared to April in a sign of the precarious nature of Italy's return to growth as production flagged across the board with the exception of energy, the national statistics agency, Istat, said.

Analysts had forecast a 0.1 percent increase in the eurozone's third largest economy following strong output results in March and April. While energy rose 0.8 percent, investment goods were down 1.7 percent and consumer and intermediate goods dropped 1.5 percent.

Italy ranks third as a eurozone economy, after Germany and France and it has struggled to pull away from a deep two-year recession.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

This cloud-based agency takes remote working to the next level

Be honest, who hasn't dreamed of working remotely with all the perks of employment? If you've got the skills, you only need to look UP to make that dream a reality.