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Italy Industrial Orders Rise In February

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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