Italian industrial production rose by 4.4 percent year on year in July from a year ago, national statistics agency ISTAT reported on Monday.
In the January-July period of 2017, the growth rate stood at 2.6 percent year on year, according to the ISTAT report.
"Such data was unthinkable just one or two years ago," Prime Minister Paolo Gentiloni commented, according to Italian news agency ANSA. "Our country is finally experiencing a slow recovery, which is not as slow as we thought."
In July 2017, the seasonally-adjusted industrial production index increased by 0.1 percent compared to the previous month, and grew by 1.4 percent in the latest quarter compared to the previous quarter, according to ISTAT.
The ISTAT industrial index measures the volume of industrial production, excluding construction.
The fastest-growing sectors included mining (+8.4 percent), machine and equipment manufacturing (+8 percent), and food, beverages, and tobacco production and automobile manufacturing (both +6.9 percent).
Sectors that experienced a slow-down include electrical, electronics, and electro-medical equipment manufacturing (-0.6 percent), as well as textiles, apparel, leather and accessories (-0.5 percent), ISTAT said.
Italy's sluggish recovery has been among the slowest in the eurozone.
In the January-July period of 2017, the growth rate stood at 2.6 percent year on year, according to the ISTAT report.
"Such data was unthinkable just one or two years ago," Prime Minister Paolo Gentiloni commented, according to Italian news agency ANSA. "Our country is finally experiencing a slow recovery, which is not as slow as we thought."
In July 2017, the seasonally-adjusted industrial production index increased by 0.1 percent compared to the previous month, and grew by 1.4 percent in the latest quarter compared to the previous quarter, according to ISTAT.
The ISTAT industrial index measures the volume of industrial production, excluding construction.
The fastest-growing sectors included mining (+8.4 percent), machine and equipment manufacturing (+8 percent), and food, beverages, and tobacco production and automobile manufacturing (both +6.9 percent).
Sectors that experienced a slow-down include electrical, electronics, and electro-medical equipment manufacturing (-0.6 percent), as well as textiles, apparel, leather and accessories (-0.5 percent), ISTAT said.
Italy's sluggish recovery has been among the slowest in the eurozone.
Latest comments