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Financial News: Italy Industrial Production Falls More Than Forecast

Italy Industrial Production Falls More Than Forecast

03/19/2018 - 06:17:00 (RTTNews)

(RTTNews) - Italy's industrial production declined at a faster-than-expected pace in January, after rising in the previous three months, preliminary data from the statistical office Istat showed Monday.

Industrial production fell a seasonally adjusted 1.9 percent month-over-month in January, reversing a 2.1 percent rise in December.

That was well above the 0.3 percent drop economists had forecast.

On a yearly basis, industrial production advanced a calendar-adjusted 4.0 percent yearly in January, slower than the 5.4 percent increase in the prior month.

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