Italian Industrial Output MoM Act: -1.1% Prev: 1.6% Fcst: -1.1%

Italian Industrial Output MoM Act: -1.1% Prev: 1.6% Fcst: -1.1%

YoY (SA) (May) Act: 3.4 Prev: 4.2 Fcst: 4

April's data was revised down to show a 1.4% rise, originally reported as 1.6%. May's 1.1% decline exactly matched the median forecast in a Reuters survey of 18 analysts.

Despite the latest drop, the March-to-May period still saw output up 2.3% compared with the three months to February, national statistics bureau ISTAT said. On a work-day adjusted year-on-year basis, industrial output was up 3.4% in May, below a forecast of 4.0% in Reuters' survey of analysts.

May saw month-on-month falls for output of consumer goods, intermediate goods and energy products, ISTAT reported, while investment goods showed a modest increase.

EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term