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Financial News: Italy Industrial Production Falls More Than Expected

Italy Industrial Production Falls More Than Expected

02/08/2019 - 09:22:00 (RTTNews)

(RTTNews) - Italy's industrial production decreased for a second month in December and at a faster pace, preliminary figures from the statistical office ISTAT showed on Friday.

Industrial production dropped 5.5 percent year-on-year in December after a fall of 2.6 percent in November. Economists had expected a 2.7 percent decline in production.

Consumer goods output fell 7.2 percent and production of intermediate goods decreased 6.4 percent. Output of energy and capital goods also declined.

On a month-on-month basis, industrial production fell 0.8 percent in December after a 1.7 percent in January.

For the whole year of 2018, the industrial production registered 0.8 percent compared to 2017.

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