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Italian industrial production better than expected in September

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By Euronews
Italian industrial production better than expected in September

<p>There was a bit more of a boost that expected for Italy’s sluggish economy in September as manufacturers continued to be more active. </p> <p>Industrial production declined by less than expected after a surge in the previous month. It fell 0.8 percent in September following a 1.8 percent increase in August, national statistics institute <span class="caps">ISTAT</span> reported. </p> <p>Output during the period from July to September posted a healthy gain – 1.2 percent – after stagnating in the previous three months. </p> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Italy?src=hash">#Italy</a> Industrial Production month-on-month at -0.8% <a href="https://t.co/CCkHTcR48l">https://t.co/CCkHTcR48l</a> <a href="https://t.co/HAQg6CYXo3">pic.twitter.com/HAQg6CYXo3</a></p>— Trading Economics (@tEconomics) <a href="https://twitter.com/tEconomics/status/796638759693537284">November 10, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p>The numbers are important because industrial output is closely linked to overall growth in Italy – which is the eurozone’s third largest economy.</p> <p>The government expects <span class="caps">GDP</span> to have expanded by a lacklustre 0.8 percent this year, not much better than last year’s 0.7 percent.</p> <p>Industrial output fell by around a quarter between 2008 and 2014, and has recovered only a small part of that over the last year.</p>