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European Economic News

Italy Industrial Orders Rise In February

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Italy's industrial orders increased in February, after falling notably in the previous month, figures from the statistical office Istat showed Wednesday.

Industrial orders rose 0.8 percent month-on-month in February, reversing a 3.7 percent decline in January. Both domestic and foreign orders grew 1.2 percent and 0.4 percent, respectively.

On an annual basis, industrial orders recovered and climbed 2.0 percent in February, following a 5.5 percent decrease in the preceding month.

At the same time, industrial turnover increased 0.4 percent in February from the prior month, after a 1.7 percent fall logged in January.

Year-over-year, total turnover fell 0.9 percent in February, but slower than previous month's 2.5 percent decline. It was the second successive monthly decrease.

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