The country’s industrial sector is also strengthening, with industrial production rising 0.4% in December, marking the second consecutive month of growth for the first time in over a year, reports Liam Moloney for Dow Jones Businesses News.
“It’s mainly machinery and it is from abroad, rather than a domestic pickup,” Istat official said.
Additionally, looking at Italy’s economy, the country is expected to shift out of a three-year long recession. The Bank of Italy, the European Commission and analysts anticipate the Italian economy to expand at least 0.5% this year.
iShares MSCI Italy Capped ETF
For more information on Italy, visit our Italy category.
Max Chen contributed to this article.