World Economy

Italy Factory Production Up

Italy Factory Production UpItaly Factory Production Up

Italian industrial production rose in March above expectations, confirming the positive trend seen in February, in a fresh sign that the eurozone’s third-largest economy is emerging from its worst postwar recession, Dow Jones reported. Industrial output advanced 0.4% on the month in seasonally adjusted terms, national statistics institute Istat said on Friday. The rise was led by a 1.4% increase in consumer goods. Italian industrial production rose 1.5% on the year in March in workday-adjusted terms, the highest rise since April 2014, Istat said. Italy’s government expects the Italian economy to emerge from recession this year, with gross domestic product growth of 0.7% after three consecutive years of contraction.