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Italy's industrial production grew 0.5% in October

Smallest year-on-year drop since start of recession

10 December, 10:54
Italy's industrial production grew 0.5% in October (ANSA) - Rome, December 10 - Italy's industrial production data for October provided hope Tuesday that the country may be emerging from its longest recession in over two decades.

National statistics agency Istat said production was up 0.5% in October with respect to September.

Output was 0.5% lower in October than in the same month in 2012, the 26th consecutive year-on-year fall. But this was still relatively good as it represented the smallest year-on-year drop since August 2011.

Italy entered the current recession in the third quarter of 2011.

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