Economics
Italy’s Industry Output Drop Makes It Harder to Convince EU
- Government must answer Brussels by Tuesday on budget plan
- September production fall less than projected by analysts
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(Bloomberg) - Italian industrial output fell less than expected, though the decrease will weaken the government’s budget arguments with a skeptical European Union.
Italy faces a Tuesday deadline to respond to EU objections to the populists’ draft budget for 2019. Officials in Brussels say the growth rate of 1.2 percent they foresee won’t sustain Italy’s expansive program.