Industrial output falls in June

| Sun, 08/12/2007 - 07:54

Industrial output in Italy declined in June in respect to both the previous month and the same month last year, national statistics bureau Istat reported on Monday.

Output fell 0.1% compared to June 2006 and 0.5% over May.

When adjusted for the number of working days, industrial output in June was still off 0.1% from June 2006, Istat added.

Output in the first half of the year was 1.2% higher than the same period in 2006, but this increase was reduced to 0.8% when corrected for the number of working days, Istat said.

Automobile production bucked the national trend leaping 22.2% in June over the same month last year, while for the first half of 2007 it was up 2.8%.

Overall motor vehicle production climbed 18% over June 2006 and was 19.1% higher when adjusted for working days.

Motor vehicle production for the first six months of the year was up 6.4% and 5.7% when corrected for working days.

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