Italy industrial orders - 3.0 % MoM

Discussion in 'Economics' started by ASusilovic, Sep 17, 2010.

  1. Italian industrial new orders and turnover decreased in July from the previous month.

    New orders to Italian industries dropped 3% month-on-month in July, a report by the statistical office Istat showed on Friday. That followed 2.9% fall in June.

    On an annual basis, new orders grew 0.7% in July, slowing from 14.7% rise in June. For the January to July period, new orders increased 11.3% compared to the same period of the previous year.

    Further, Italy's industrial turnover decreased 2.7% month-on-month in July, compared to a 3.6% growth in the previous month. The turnover grew 5.4% in July from the previous year.