Italy Dec. Industrial Output Drops At Slower Pace

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Wednesday, Italy's statistical office Istat announced that the industrial production index dropped a calender adjusted 5.6% year-on-year in December, slower than the 7.9% fall in the previous month. Economists were looking for a decline of 4.9%.

On an unadjusted basis, industrial output decreased 2.3% annually in December, after falling 5.2% in November.

Month-on-month, industrial output declined a seasonally adjusted 0.7% in December, compared to the 0.1% growth expected by economists.

For the January to December period, industrial production was down 17.5% compared to the same period of the previous year. During the period, industrial output fell an unadjusted 17.4%.

Wednesday, Italy's statistical office Istat announced that the industrial production index dropped a calender adjusted 5.6% year-on-year in December, slower than the 7.9% fall in the previous month. Economists were looking for a decline of 4.9%. (Market News Provided by RTTNews)