Italy’s industrial sector has reported a worrisome trend as the latest data shows a deeper contraction in production. According to the updated figures released on September 10, 2024, Italian industrial production decreased by 3.3% in July compared to the same month a year ago. This marks a further decline from the 2.6% year-over-year drop recorded in June 2024.The figures highlight a challenging period for Italy’s industrial sector, reflecting broader economic uncertainties and potential underlying structural issues. The consecutive monthly decline raises concerns about the sector’s recovery trajectory and its ability to bounce back in the coming months.Economists and policymakers are closely monitoring these trends, as continued weakness in industrial production might necessitate targeted measures to stabilize and revitalize the sector. The performance in the upcoming months will be crucial in determining the overall health and direction of Italy’s industrial landscape.The material has been provided by InstaForex Company – www.instaforex.com
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