World Economy

Italy Nov. Factory Orders Up 1.5%

Italy Nov. Factory Orders Up 1.5%Italy Nov. Factory Orders Up 1.5%

Italian seasonally adjusted industrial orders rose 1.5% month-on-month in November, after gaining a revised 1% in October (previously reported +0.9%), data showed on Wednesday, Reuters reported. Orders were up 0.1% in unadjusted year-on-year terms after dropping 3.2% the month before, national statistics office ISTAT reported. Industrial sales rose a seasonally adjusted 2.4% month-on-month after a 0.8% gain in October, and were up a work-day adjusted 3.9% year-on-year. Industrial output for November, published by ISTAT earlier this month, rose 0.7%.

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