FX.co ★ Italy’s industrial output ticks up by 0.1% in July

Italy’s volume of industrial production grew by 0.1% after a 1.1% increase in June, Italy's national statistics agency Istat said.

Despite the considerable slowdown, the figure turned out to be better than expected. Analysts had projected a 0.4% decline in industrial production. From the same period in 2016, the output rose by 4.4%.

The production of consumer goods rose by 0.5% in July compared with the previous month. The output of capital goods increased by 1.6%, while the production of intermediate goods advanced by 0.3%. Meanwhile, energy production decreased by 3.6%.