Clone of Clone of Momentum Builds: Italy’s Manufacturing Output Rises in April JM2
Italy’s industrial production unexpectedly increased in April, marking the first annual rise in over two years and signaling a possible turnaround for the nation’s manufacturing sector. According to data released by the national statistics institute ISTAT, output climbed by 1.0% compared to March, defying analysts’ predictions of a slight decline. On a year-over-year basis, after adjusting for working days, industrial output rose by 0.3%, ending a long streak of 26 consecutive monthly decreases. This monthly improvement was broad-based across most industrial sectors, with energy being the only