Latest data released by Istat - 11 June 2018
- Prior +1.2%
- Industrial production WDA +1.9% vs +3.6% y/y expected
- Prior +3.6%; revise to +3.5%
Misses across the board again for another one of the Eurozone major economies. Not an encouraging sign still for Q2 data to say the least.
Although a minor data point, it's an accumulation of data like these that will eventually feed into overall growth and in turn has an impact on the ECB's normalisation plans later on in the year.
