Italian business organisation Confindustria has warned that the return to production that many manufacturing companies there marked on May 4 is unlikely to lead to a swift economic recovery.

In a statement on May 4, Confindustria said industrial output in March and April was down by around 50% year on year. It said the effects of restriction measures aimed at preventing the spread of covid-19 had led to a decline in manufacturing activity that was without precedent since available records began.

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