POINT 2-Italy, production is falling in August but resumed scenery intact – Reuters Italy

 * Production down 0.5% on month , + 1% on year, expected -0.3%, + 1.6% * Indent towing power in July to abnormal heat, economists remind volatility since August * Confindustria sees industrial production Qtr3 + 0.7% from + 0, 4% Qtr2 (Adds in last paragraph forecasts Confindustria study center) Elvira Pollina ROME / MILAN, October 9 (Reuters) - Cala than expected Italian industrial production in August but the data is not interpreted by economists as a signal interruption recovery trend in economic activity. According to numbers released by Istat, production contracted by 0.5% per month after the leap of 1.1% recorded in July, while the median expectations of economists polled by Reuters projected a decline of 0.3%. On a comparable year, the industrial sector showed a growth of 1%, while braking from 2.8% in July, while the consensus was for an increase of 1.6%. "There was a partial correction of the rebound in July, essentially linked to the energy sector. The push had  heatwave came back in August. But for all groupings correction was only partial," said Loredana Federico, economist UniCredit. The same opinion Paolo Mameli of Intesa Sanpaolo. "It 'a fact that does not change much the scenario. The trend remains that of a gradual recovery of production" emphasizes, noting that historically the statistics of August is subject to volatility linked to summer closures, reflected in subsequent revisions . The slowdown in emerging economies, especially China, is an unknown, but for now economists do not look particularly significant impact on the Italian system. After three years of erosion of the GDP, Italy will close 2015 with a growth that Matteo Renzi could reach 1%. An assessment substantially shared, although in terms slightly more cautious, by the OECD and the IMF. "The information coming from confidence surveys for August are positive. The surveys purchasing managers in the manufacturing sector continued to report business expansion, albeit at a  slower pace", said Federico. Turning our attention to our European partners, to August industrial production was down by 1.2% in Germany, after the monthly growth marked by the same amount in July, while in France showed a growth of 1.6% after a decline 1.1% the previous month. Returning to Italy, according to economists is reasonable to think that in the third quarter to assist least a replica, but only to a slight acceleration of industrial production compared to the period from April to June, when there was a growth of 0.4% . For the study center of Confindustria, which estimates for September monthly growth in production of 0.9%, the increase in activity in the summer quarter will be 0.7%, "the highest since the beginning of 2011". (Collaborated Council Valentina and Francesca Piscioneri) www.reuters.it On other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia 

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