Italy's industrial production fell 4.6% month-on-month in March, at the same pace it had fell in February, statistical office Istat said Monday. Meanwhile, economists had expected a 2% fall.

On an annual basis, the calendar adjusted industrial production slumped 23.8% following a revised 21.2% decline in February, while the forecast was for a 21.2% contraction.

The unadjusted industrial output fell 18.2%, slower than a revised 24.1% decline seen in February. It was expected to fall 18.8%.

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