Italy's industrial production declined for the first time in three months in May, the statistical office ISTAT reported Thursday.
Industrial output dropped 0.7 percent month-on-month in May, in contrast to the 0.9 percent rise in April. The fall was also worse than economists' forecast of -0.2 percent.
Production of energy grew 0.7 percent, while output fell 1.0 percent for intermediate goods and 1.3 percent for consumer goods. At the same time, capital goods output remained flat. Compared to last year, calendar-adjusted industrial production logged a decline of 0.9 percent, reversing a 0.1 percent rise in April.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.