Italy May industrial production data now out from ISTAT 11 July
- -0.55 prev
- yy 2.8% vs 2.2% exp vs 0.9% prev
A decent rebound which maintains hopes of small economic growth. Consumer and investment goods cited as the reasons.
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
Output fell 25% between 2008-14 and has struggled to regain those levels since.
EURUSD still caught at 1.1395 with EURGBP and EURJPY supply now weighing along with 1.1400 offers.
Italy industrial output mm