ITALY DATA: April SA industrial output -1.9% m/m, WDA -9.2% y/y, on
a contraction across all output sectors except for energy goods, posting
the worst fall in the y/y index since Nov 2009 (-9.3% y/y), ISTAT said.
–The m/m fall follows a gain of +0.6% in March and consecutive m/m
declines of -0.8% in February and -2.7% in January.
–April unadjusted y/y output worsened to -11.9% from -5.6% y/y in March
–There were 19 working days in April 2012 vs 20 in April 2011.