People sporting face masks stroll in Duomo sq. because the area of Lombardy turns into a ‘pink zone’, going into lockdown because the nation struggles to scale back the coronavirus illness (COVID-19) infections, in Milan, Italy, March 15, 2021. REUTERS/Flavio Lo Scalzo
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By Gavin Jones
ROME, June 10 (Reuters) – Italian industrial output was a lot stronger than anticipated in April, rising 1.6% from the month earlier than after a 0.2% acquire in March and boosting progress prospects for the second quarter, information confirmed on Friday.
A Reuters survey of 14 analysts had pointed to a 1.1% drop in April.
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The information marked the third consecutive month-to-month enhance in industrial output, with March revised up from an initially reported flat studying.
On a work-day adjusted year-on-year foundation, industry output the euro zone’s third largest economic system was up 4.2% in April after a 3.2% rise in March, nationwide statistics bureau ISTAT stated.
In the February-to-April interval it was up 2.0% in contrast with the three months to January.
April noticed month-on-month rises for output of client items, intermediate items and vitality merchandise, ISTAT stated, whereas funding items had been steady.
The Italian economic system grew simply 0.1% in the primary quarter from the earlier three months, ISTAT reported final month, hit by Covid restrictions on the start of the yr and uncertainty and excessive uncooked materials costs linked with the struggle in Ukraine. learn extra
In April Prime Minister Mario Draghi’s authorities minimize its forecast for gross home product progress this yr to 3.1% from a 4.7% projection made in the autumn. learn extra
The newest forecast stays above these of most unbiased our bodies.
ISTAT gave the next particulars.
INDUSTRIAL PRODUCTION APRIL MARCH FEB
Mth/mth pct change (adjusted) 1.6 0.2r 4.0
Yr/yr pct change (adjusted) 4.2 3.2r 3.4
Yr/yr pct change (unadjusted) -2.8 4.0r 3.4
NOTE: BASE 2015=100.
(r) signifies revised figures.
ISTAT offered the next breakdown by broad product group in April: adjusted month-on-month p.c change.
Consumer items 1.6
Investment items 0.0
Intermediate items 2.0
Energy items 1.4
((Gavin Jones, Rome newsroom, [email protected]))
Keywords: ITALY ECONOMY/OUTPUT
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Our Standards: The Thomson Reuters Trust Principles.
Italy industry output jumps unexpectedly in April, getting Q2 off to strong start & More Latest News Update
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