Italy's Industrial Output Faces a Downturn

In a recent report released by Istat, Italy's national statistics office, it was revealed that the country's industrial production experienced a 0.9% decline in February compared to the previous month. This downturn has raised eyebrows among economists and industry experts alike.

Sector-Wise Breakdown of the Decline

The report detailed a significant 3.3% drop in the production of capital goods, alongside a 2% decrease in intermediate goods output. Consumer goods production wasn't spared either, witnessing a 1.9% fall. On a brighter note, the energy sector bucked the trend with a 4% increase in output on a monthly basis.

What Lies Ahead?

As Italy grapples with these industrial production challenges, stakeholders are keenly awaiting further updates to understand the full impact and potential recovery paths.