ITALY — ITALIAN INDUSTRY GROUP CONFIDUSTRIA WARNS OF WORSENING ECONOMIC OUTLOOK

Italy's main industrial lobby, Confindustria, has warned of a deteriorating economic outlook, citing escalating geopolitical tensions and persistent inflationary pressures. The confederation's research unit noted that a slowdown in GDP growth in the second quarter, coupled with tight credit conditions, is casting a shadow over the country's third-quarter performance. The report highlighted that Italy's industrial sector continues to lose momentum while investment is slowing noticeably.