Italy industrial output declines 1% in June
Italy's industrial production fell by an unexpectedly steep 1.0 percent in June compared to the previous month, when it declined 0.3 percent, according to the latest data from national statistics agency Istat. Textile, clothing, leather and accessories industries (-7.1%) as well as other manufacturing industries, repair and installation of machinery and equipment (-3.6%) posted the largest falls, partly offset by a 4.5 percent annual rise in the manufacture of computers, electronic and optical products, ele