Economics
Italy Industry Output Drops, Joining German and French Trend
- Production decrease on annual basis is biggest in four years
- Latest production numbers spell trouble for euro area
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Italian industrial production fell more than expected, spelling trouble for the euro-area economy after disappointing numbers from Germany, France and Spain.
Italy’s populist government has been struggling to meet its expansive agenda and has already had to trim its growth outlook for this year. The specter of a European slowdown is pressuring the coalition in Rome even further as the country heads toward recession.