Italy still world's 7th industrial power (2)

Second in EU after Germany, says industrial confederation

(ANSA) - Rome, November 8 - Italy kept its place as the world's seventh-biggest manufacturer in 2016, according to a ranking compiled by the CSC research unit of industrial employer's confederation Confindustria that was released on Wednesday. It said Italy was the second-biggest industrial power in the European Union after Germany, which was fifth overall.
    China and the United States topped the ranking.
    The CSC said that Italian industry was recovering from the crisis "despite a growth in loans to business that is still too weak". It added that the sector's labour costs increased 15.2% between 2007 and 2016.
   

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