Italy March industry output plunges 28% month-on-month on coronavirus lockdown, steepest drop on record
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ROME, (Reuters) - Italian industrial output plummeted 28.4% in March from the previous month, more than expected and the steepest drop on record, as a lockdown imposed to contain the coronavirus pandemic shuttered most businesses. The fall in output was larger than any of the 18 forecasts in a Reuters survey of analysts which pointed to a 20.0% decline.National statistics bureau ISTAT, which issued the data on Monday, said it was the steepest fall in industrial production since the current..