Engineering output 0.7% up Q2

'Not enough to mark turnaround'

Engineering output 0.7% up Q2

Rome, September 13 - The output of Italy's engineering sector rose 0.7% between the first and second quarters of 2013, sector association Federmeccanica said Friday. The uptick came after seven straight quarterly drops, Federmeccanica said. But it was not enough to confirm hopes the economy may be pulling out of its worst recession in two decades, the association said. "Positive signs are emerging which, however, appear still insufficient to certify a turnaround in the economic trend," it said. In a mark of the struggle to turn the corner, July's production was down 2.5% on June's - although July is usually slower than June.

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