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.