
ROME (dpa-AFX) - Italy's industrial production expanded for the second straight month in June, data from the statistical office ISTAT revealed on Friday.
Industrial output rose 0.5 percent month-on-month in June, the same as in the previous month. Meanwhile, economists had forecast production to remain flat.
The upward trend in June was driven by a 2.0 percent growth in capital goods production. On the other hand, there was a 1.4 percent fall in the consumer goods sector. Consumer goods production was 0.3 percent lower.
On a yearly basis, the decline in industrial production eased somewhat to 2.6 percent from 3.3 percent in May. The decline was driven by all subsectors except energy.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News