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Italian industrial production races past forecasts in May

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Staff Writer | July 11, 2017
Italian industrial production
Europe   Total industrial production grew in Italy

Industrial production in Italy raced past forecasts in May with output of capital goods strongest.

Total industrial production grew by 0.7% month-on-month, according to ISTAT.

In comparison to a year-ago, industrial output was 2.8% ahead.

Economists had forecast a rise of 0.4% versus April.

On a month-on-month basis, production of capital goods jumped by 2.3%, while that of intermediate ones slipped by 0.4% and energy output declined by 1.0%.

Production of consumer goods was up by just 0.2% versus the prior month, but that masked a sharp increase of 2.7% in the output of durable goods which was offset by a 0.2% decline in production of non-durable consumer goods.

Manufacturing sector output was 0.9% higher than in April and 3.1% stronger than in the comparable period one year ago.


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