Industrial output data positive for Italy
Italy’s industrial production index rose by 1.1 percent in June compared to May, and by 5.3 percent over the same period in 2016, the country’s statistics agency Istat reported on Wednesday. The unadjusted industrial production index increased by 5.4 percent compared with June 2016, Istat said. Categories posting calendar-adjusted gains in June included energy (9.8 percent), consumer goods (5.6 percent), capital goods (5.1 percent) and intermediate goods (4 percent). Farm Minister Maurizio Martina ascribed these results to the expansive policies including tax breaks and investment incentives of the current and previous center-left governments.