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Italy July industry orders fall 1.5 percent month on month after 1.5 percent fall in June

Published 22/09/2014, 09:13
© Reuters A Maserati assembly staff member works at the Maserati car plant in Grugliasco, near Turin

Sept 22 (Reuters) - Italian seasonally adjusted industrial orders fell 1.5 percent month-on-month in July, following an identical 1.5 percent drop in June, data showed on Monday.

Orders fell 0.7 percent in unadjusted year-on-year terms after a 1.3 percent increase the month before, national statistics office ISTAT reported.

Industrial sales fell a seasonally adjusted 1.0 percent month-on-month after a 0.2 percent rise in June, and were down a work-day adjusted 1.3 percent year-on-year.

The data are a further sign that Italy's economy is failing to emerge from a long recession.

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

ISTAT issued the data for July and June at the same time, having closed for a summer break during most of August.

(Reporting by Gavin Jones)

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