Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Italian industrial production better than expected in September

 Comments
Italian industrial production better than expected in September
Euronews logo
Text size Aa Aa

There was a bit more of a boost that expected for Italy’s sluggish economy in September as manufacturers continued to be more active.

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 ISTAT reported.

Output during the period from July to September posted a healthy gain – 1.2 percent – after stagnating in the previous three months.

The numbers are important because industrial output is closely linked to overall growth in Italy – which is the eurozone’s third largest economy.

The government expects GDP to have expanded by a lacklustre 0.8 percent this year, not much better than last year’s 0.7 percent.

Industrial output fell by around a quarter between 2008 and 2014, and has recovered only a small part of that over the last year.