ITALY DATA: February SA industrial output -0.7% m/m, WDA -6.8% y/y,
on a contraction in consumer and intermediate goods output, posting
the worst fall in the y/y index since Nov 2009 (-9.3% y/y). The m/m decline
follows a m/m fall 2.6% in January.
–February unadjusted y/y output fell -3.5%, down from -1.7% y/y in
Jan (there were 21 working days in Feb 2012 Vs 20 working days in Feb
2011).
–See details MNI main wire for more details.