Investing.com - Industrial production in Italy fell more-than-expected in February, underlining concerns over the health of the euro zone’s third largest economy, official data showed on Wednesday.
In a report, Istat, Italy's federal statistical office said industrial production fell by a seasonally adjusted 0.8% in February, worse than expectations for a 0.4% decline.
Industrial production rose by 1% in January, upwardly revised from a previously reported gain of 0.8%.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD rising 0.21% to trade at 1.3109.
Meanwhile, European stock markets were broadly higher. Italy's FTSE MIB rallied 1.4%, the EURO STOXX 50 rose 0.9%, France's CAC 40 added 0.9%, while Germany's DAX gained 0.8%.
In a report, Istat, Italy's federal statistical office said industrial production fell by a seasonally adjusted 0.8% in February, worse than expectations for a 0.4% decline.
Industrial production rose by 1% in January, upwardly revised from a previously reported gain of 0.8%.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD rising 0.21% to trade at 1.3109.
Meanwhile, European stock markets were broadly higher. Italy's FTSE MIB rallied 1.4%, the EURO STOXX 50 rose 0.9%, France's CAC 40 added 0.9%, while Germany's DAX gained 0.8%.