Italian Industrial Output Unexpectedly Falls for Third Month
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Italian industrial output unexpectedly declined in April, signaling the recession in Europe’s fourth-biggest economy probably extended into its eighth quarter.
Production dropped 0.3 percent from March, when it fell a revised 0.9 percent, national statistics office Istat said in Rome today. Economists forecast output to be unchanged, according to the median of 16 estimates in a Bloomberg News survey.