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MNI: ITALY DATA: Industrial Production (Jun 2019) ...>

MNI: ITALY DATA: Industrial Production (Jun 2019) 
- Italian industrial production contracted by less than expected by the markets
in Jun (Bbg consensus: -0.3% m/m)...
- ... with the 0.2% monthly decline following a slightly upwardly revised
(+0.1pp) expansion of 1.0% in May
- On an annual basis, production is down by 1.2% 
- The overall m/m decline in IP came despite a 2.4% rise in energy output...
- ... as output across all core sectors declined m/m: capital goods (-0.1%);
consumer goods (-0.7%); intermediate goods (-0.6%)
- On a 3m/3m basis, IP was down by 0.7% in Apr-Jun versus Jan-Mar

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