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Italian industrial output still weak

Italian industrial output still weak
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Italian industrial output was weaker than expected in February. It fell 0.7 percent from the previous m month.

It was the second month running of decline and output in January was revised downwards by the statistics office Istat for a 2.6 percent fall.

As well as the ongoing recession and austerity measures Italy also suffered very bad weather in February with blizzards countrywide.

Compared with the same month in 2011 industrial production in February was down 6.8 percent, adjusted for different numbers of work days in the two years.

Istat said there were major declines in the consumer and intermediate-goods sectors,.