Industrial output in Italy has fallen by -1.1 per cent in July, down from 0.2 per cent in May.
Analysts expected a 0.3 per cent drop. The figures, released by the National Institute of Statistics, show a year-on-year decrease of -4.3 per cent (down from -2.1 per cent) but analysts expected only -2.5 per cent.
Bad Italian data, poor German data last week. Doesn't bode well for EU Industrial Production in an hour - expect -0.3% but could be worse— Michael Hewson (@michaelhewson) September 12, 2013