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Italian industrial production falls 0.8% in February

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Investing.com - dustrial 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%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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