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rdf:type	schema:NewsArticle
schema:articleBody	Italy's industrial production index returned to pre-Covid levels in April, official data showed Thursday, in another sign of optimism for the eurozone's third-largest economy. The seasonally adjusted index rose by 1.8 percent month-on-month to 104.5 points in April, the fifth consecutive monthly increase, national statistics agency Istat said in a statement. In February 2020, when Italy became the first European country to be hit by the coronavirus pandemic, the index stood at 103.3 points, crashing to 74.3 and 58.5 in the two following months. Italy is emerging from its worst recession since World War II. Last year, gross domestic product contracted by 8.9 percent, one of the severest slumps in Europe. However, things have recently started to look up, with falling Covid death tolls, progress with vaccinations and gradual reopening of the economy. Last week, Istat said it expected GDP growth of 4.7 percent this year and of 4.4 percent in 2022, largely fuelled by domestic demand. Italy's recovery hopes are linked to a massive 222.1-billion-euro ($271-billion) investment plan mostly funded by European Union loans and grants, covering the 2021-2026 period. aa/ar/spm
schema:headline	Italy's industrial production back to pre-Covid levels
schema:mentions	Italian National Institute of Statistics Eurozone USA Gymnastics Industry Recession World War II Gross domestic product Italy European Union Pandemic Coronavirus disease United States Severe acute respiratory syndrome coronavirus 2
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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