Italy's industrial production declined more-than-expected in August, and at the steepest pace in eight months, the statistical office ISTAT reported Friday.
Industrial output contracted 2.4 percent month-on-month in August, in contrast to the 0.4 percent increase in July. The expected fall was 0.4 percent.
Further, this was the sharpest decrease since December 2024, when production shrank 2.7 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.