Italy's industrial orders recovered as expected by economists in May, the statistical office Istat said Thursday.
Driven by both domestic and foreign demand, industrial orders grew by a seasonally adjusted 1.7 percent from a month ago, following a revised 1.8 percent fall in the prior month. The increase matched economists' expectations.
Demand from domestic market rose 1.6 percent and non-domestic market orders climbed 2 percent.
Data showed that industrial turnover dipped 0.5 percent month-on-month due to a 1.5 percent decline in domestic turnover. Meanwhile, non-domestic market turnover was up 1.7 percent.
On an annual basis, industrial new orders fell 9.4 percent in May and industrial turnover dropped 2.7 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.