Confindustria sees 'sluggish' outlook

(ANSA) - ROME, JUL 12 - The CSC research centre of industrial association Confindustria said Friday that Italy's economic outlook is "sluggish".
    It said in its July 'flash' analysis of the economy that Italy was experiencing "slow growth" "Industry is still weak, services are slowing, exports are not taking off," it said.
    It added, however, that there are good signals regarding consumer spending.
    "The timid ECB (interest rate) cut has not yet come through in household and business rates, inflation is still high in the Eurozone and the US is slowing the drop in interest rates," it said. (ANSA).