Italy 'shows signs of economic recovery'

Textile factory Italy

 ROME- Reports that have been published by Istat are indicating that Italy’s economic state is gradually improving. Apparently July production levels have increased by 4.4 percent compared to this time last year.

 In comparison to industrial production the month before, the July results show an increase of 0.1 percent compared to June. The results published by Istat, show that there has been some economic growth nearly every month in Italy since August 2016, excluding January.

 “Capital goods” which saw a marked increase of 5,9 percent this year, have actually surpassed the 2010 level. Consumer goods also saw an increase of 4,1 percent, intermediate goods saw 3,5 percent growth and energy increased by 3,3 percent.

 Prime minister Paolo Gentiloni said that the data would have been unthinkable two years ago and that the economic grow was in reality actually much quicker than we would have ever thought.