Italy's Industrial Production Down 29.3% in March... Manufacturing Output Also Down 28.4%
[Asia Economy Reporter Ki-min Lee] The Italian economy has been hit hard by the novel coronavirus infection (COVID-19).
According to Bloomberg on the 11th, the Italian National Institute of Statistics (ISTAT) reported that industrial production in March fell by 29.3% compared to the previous year. This figure is 11 percentage points lower than the Bloomberg experts' forecast of -18.3%.
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March's manufacturing production also dropped by 28.4% compared to the previous month. Manufacturing production was 8.4 percentage points lower than the Bloomberg experts' forecast of -20.0%.
This content was produced with the assistance of AI translation services.
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