Italy’s Industrial Production Posts Its Biggest Slump Since 2012

Industrial production in Italy dropped unexpectedly in May in the biggest slump since November 2012, as output of all products except energy slipped, data from ISTAT showed Thursday. On a seasonally adjusted basis, industrial output in the euro area’s third-largest economy declined by 1.2% month-over-month in May, trailing economists’ modest estimate of 0.1 percent growth. […] View the full post at: Italy’s Industrial Production Posts Its Biggest Slump Since 2012 Related posts: Spending Slump Spell Bad News; Saving is the New Thing (Again) Bank Lending Last Year Dropped at the Biggest Clip Since 1942 April Durable Goods Orders: Better Than Expected