Current: Further decline in industrial production in Italy

Data for industrial production in Italy have just been published. In June it was already -1.2%, and now in July it continues to go downhill with -0.7%. So, like Germany, industry in Italy has long been in recession! The chart shows it well. In 8 of the last 9 months it went downhill in Italy.

source: tradingeconomics.com

The situation in France is not yet quite as bad as in Italy or Germany, as current data show.

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