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Italian industrial production posts a small contraction in May
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4 itemsDESK NOTEING Economics
Italian industrial production proves resilient in April
ING THINK
Italian industrial production proves resilient in April
The latest data on Italian industrial production indicates a surprising resilience, with April marking the third consecutive month of growth. Per the full note from ING, production increased by 0.5% month-on-month, supported by gains in investment and intermediate goods. However, caution is warranted as the driving factors behind this uptick may be temporary, suggesting that while the data might keep Italy out of GDP contraction, sustainability remains in question. The desk anticipates ongoing scrutiny of these trends as they evolve amidst underlying economic uncertainty.
DESK NOTEING Economics