Italy’s industrial orders declined notably in August after rising in the previous two months, figures from the statistical office Istat showed Friday.
Industrial orders fell a seasonally adjusted 5.5 percent year-over-year in August, in contrast to a 0.4 percent increase in July. In June, orders had risen 2.9 percent.
Both domestic and foreign market orders slid 7.4 percent and 2.4 percent, respectively in August.
On an annual basis, industrial orders climbed at a slower pace of 2.1 percent in August, following a 10.4 percent hike in the preceding month. It was the third successive monthly gain.
Industrial sales slipped for the second straight month by 1.6 percent in August, after a 1.1 percent drop in the prior month.
Annually, industrial sales decreased 2.4 percent in August, reversing a 2.3 percent rise in July. It was the first decline in four months.
The material has been provided by InstaForex Company – www.instaforex.com