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Italian industrial production ends 26-mth run of falls

Output up 1.4% in November compared to same month in 2012

13 January, 10:58
Italian industrial production ends 26-mth run of falls (ANSA) - Rome, January 13 - Italian industrial production ended a 26-month run of year-on-year falls in November when it increased 1.4% on the same month in 2012, Istat said Monday. The last time there was an increase in the year-on-year data for industrial production was in August 2011. The statistics agency added that output was up 0.3% in November on October.

The figures will be interpreted as confirmation that Italy is finally on course to return to positive growth after two years of recession, the country's worst downturn since World War II.

Italy's gross domestic product (GDP) was flat in the third quarter of last year, following eight consecutive quarters of negative growth.

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