Tue, 10 Jul 2012 10:49:53 GMT
Unexpected recovery of the Italian industrial output
Italian national statistics office
announced on Tuesday, July 4, that industrial production recovered by
0.8% in May after contraction of 1.9% in April. However, economists still expect
economy to contract by 2.4% by the end of the year. Total industrial
output declined by 6.9% in May for the year period. Mario Monti, Italian
Prime Minister, started to implement austerity measures for the
economy in December 2011.