« Back to أخبار

The industrial recovery is in place

News & Data JIACC

Growth in Italy’s industrial sector came in well ahead of forecasts in July, the latest in a series of better than expected economic data out of the eurozone’s third-largest economy

Source: Financial Times – Output increased 4.4 per cent year on year, when adjusted for working days. That marked a slowdown after a bumper June, but was much better than the 3.5 per cent expansion economists had expected. Surveys suggest the strong growth is likely to continue: Italy was one of the stand-out performers in the latest PMI surveys of eurozone manufacturers, and economic confidence hit a post-financial crisis high in August. That optimism has also been reflected in increasing labour force participation, as residents are increasingly confident that they will be able to rejoin the market and find jobs after years of lagging behind the rest of the eurozone

To read the full article

® JIAC 2017 – C.F. 97866940584 - Credits