a worker at the liebherr manufacturing company which produces gear cutting tools wears a protective mask as he works in the factory a day after its reopened as italy begins a staged end to a nationwide lockdown due to a spread of the coronavirus disease covid19 in collegno italy may 5 2020 reutersmassimo pinca rome july 8 reuters  italian industrial output fell 11 in may from the month before in line with expectations after three consecutive increases data showed on friday aprils data was revised down to show a 14 rise originally reported as 16 mays 11 decline exactly matched the median forecast in a reuters survey of 18 analysts despite the latest drop the marchtomay period still saw output up 23 compared with the three months to february national statistics bureau istat said on a workday adjusted yearonyear basis industrial output was up 34 in may below a forecast of 40 in reuters survey of analysts may saw monthonmonth falls for output of consumer goods intermediate goods and energy products istat reported while investment goods showed a modest increase the euro zones third largest economy grew just 01 in the first quarter from the previous three months hit by covid restrictions at the start of the year and uncertainty and high raw material prices linked with the war in ukraine in april mario draghis government cut its forecast for gross domestic product growth this year to 31 from a 47 projection made in the autumn read more the latest forecast remains above those of most independent bodies istat provided the following breakdown by broad product group in may adjusted monthonmonth percent change