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Growth in Italy’s industrial production accelerates in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 09/08/2017 (17:20)
According to data from Italy’s statistics office, Istat, the growth in the country’s industrial production accelerated to 1.1% in June from 0.7% in May. The latest data also exceeded Bloomberg economists’ forecast of an increase of 0.2% for the month. Meanwhile, on workday adjusted basis, Italy’s industrial output rose by 5.3% from a year earlier.

The higher industrial production was attributed to stronger transportation and energy output.

Meanwhile, some economists commented that the acceleration in factory output may be regarded as a signal for a stronger-than-expected economic recovery for the Italian economy. Istat will reportedly announce the country’s economic growth data for the second quarter next week.
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