💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Italy industry orders rise in August after three steep monthly falls

Published 20/10/2014, 09:12
© Reuters A Maserati assembly staff member works at the Maserati car plant in Grugliasco, near Turin

Oct 20, (Reuters) - Italian seasonally adjusted industrial orders rose 1.5 percent month-on-month in August, reversing a 1.5 percent fall in July and posting their first increase since April, data showed on Monday.

Orders fell 3.2 percent in unadjusted year-on-year terms after a 0.7 percent drop the month before, national statistics office ISTAT reported.

Industrial sales rose a seasonally adjusted 0.4 percent month-on-month after a 1.1 percent fall in July, but were down a work-day adjusted 2.3 percent year-on-year.

The monthly rebound in orders in August followed three steep monthly falls and is unlikely to be seen as a real sign of recovery for Italy's stagnant economy.

Industrial output for August, issued by ISTAT earlier this month, increased 0.3 percent month-on-month after a 1.0 percent drop in July.

© Reuters. A Maserati assembly staff member works at the Maserati car plant in Grugliasco, near Turin

ISTAT gave the following details on orders and turnover in August and the previous two months.

(Reporting by Gavin Jones)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.