Italy’s industrial output tumbles nearly 30% in March | The Malaysian Insight

Italy’s industrial output tumbles nearly 30% in March

Milan's Sempione park sees numerous visitors on the first weekend of phase two during the coronavirus emergency. The virus has claimed almost 30,000 lives in the country. – EPA pic, May 11, 2020.

ITALY’S industrial production tumbled nearly 30% in March as the country shuttered many businesses to contain the spread of the new coronavirus, the nation’s statistics agency said today. Production fell by 28.4% compared to February using seasonally adjusted figures and by 29.3% compared to March last year, adjusting for the different number of working days, Istat said.

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