Italy's industrial production increased for the second straight month in July, the statistical office ISTAT reported Wednesday.
Industrial output advanced 0.4 percent month-on-month in July, following a 0.2 percent rebound in June. Meanwhile, economists had expected a slight decrease of 0.1 percent.
Production of consumer goods grew 2.1 percent, and output increased 1.6 percent and 0.7 percent, respectively, in the capital and intermediate goods. At the same time, the energy segment showed a sharp contraction of 7.8 percent.
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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.