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Italy's industrial output dropped 2.4% in August, its sharpest decline in eight months.
Italy’s industrial output fell 2.4% month-on-month in August, the steepest decline in eight months, according to ISTAT, reversing a 0.4% gain in July and missing expectations of a 0.3% drop.
Annual output declined 2.7%, reversing a prior gain.
The drop was broad-based, with capital goods, consumer goods, and intermediate goods all falling.
In the U.S., Fed minutes revealed divided views on rate policy, mortgage applications declined for a second week, and crude inventories rose more than expected.
Japan saw a 0.6% rise in household spending and a 3.776 trillion yen current account surplus.
The WHO confirmed vaccines remain effective against the spreading Stratus variant.
PepsiCo reported strong earnings and named Walmart’s Steve Schmitt as new CFO.
Starbucks announced a $1 billion restructuring involving 900 job cuts and store closures.
La producción industrial de Italia se redujo un 2,4% en agosto, su mayor descenso en ocho meses.