World Economy

Italy Industrial Orders Decline

 Italy Industrial Orders Decline Italy Industrial Orders Decline

Italy’s industrial orders decreased in September, after rebounding strongly in the previous month, figures from the statistical office Istat showed Friday. RTTNews reported. Industrial orders dropped a seasonally adjusted 3.9% month-over-month in September, reversing a 5.3% climb in August. Domestic demand declined 5.8% over the month and export orders fell by 1.4%. On a yearly basis, industrial orders grew 4.5% in September, but well below the 9.6% spike in the previous month. Data also showed that industrial turnover slid 1.2% monthly in September, in contrast to August’s 2% increase. Annually, industrial sales advanced 5.2% after a 3.1% gain in the prior month.

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