
ROME, Sept. 14 (UPI) -- Italian Economy Minister Fabrizio Saccomanni said he had not changed his mind about the Italian recession ending by the end of 2013.
"I don't know of anything to change my forecast," Saccomanni said Friday despite an unexpected drop in Italy's industrial production data.
After two consecutive months of month-to-month increases, industrial production in Italy dropped 1.1 percent from June to Jul.
That was the largest month-to-month drop since June 2012, ANSA reported Saturday.
Industrial production was down 4.3 percent from July 2012, notching the 23rd consecutive month in which the data was down compared to a year earlier, ANSA said.
Saccomanni's most recent forecast called for an end to the recession by the third or fourth quarter of 2013.
|
|
|
|
|
|
| Additional Business News Stories | |
VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
|
BRASILIA, Brazil, Oct. 5 (UPI) --
Bradar, a company controlled by Embraer Defense & Security, is to map areas in Brazil subject to natural disasters and monitor environmental preservation areas.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption