Italian industrial production for July beats forecastsStaff Writer | September 14, 2016
Industrial production in Italy beat economists' forecasts in June, with large gains evident across all categories of goods, although weakness in foreign orders was expected to take its toll in coming months.
Italy According to ISTAT:
Production of consumer goods was particularly strong, rising by 2.0% over the month, led by a 3.6% jump in that of durable goods.
Capital goods production grew by 1.1% and that of intermediate ones by another 0.9%. Energy output was up by 0.5% In calendar adjusted terms, industrial production slipped by 0.3% in annual terms.
June's fall of 0.4% over the month was revised higher by one tenth of a percentage point to -0.3%. ■