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Italy Industrial Orders Rebound In May

Italy's industrial orders rose in May after falling in the previous month, figures from Istat showed on Wednesday.

Industrial orders rose 2.5 percent month-on-month in May, reversing a 2.2 percent decline in April.

Orders from both domestic and foreign markets grew 2.5 percent, each.

On an annual basis, industrial orders declined 2.5 percent in May, following a 0.2 percent fall in the previous month.

Data also showed that the industrial sales accelerated 1.6 percent on month in May, after a 1.1 percent fall in the preceding month.

On a year-on-year basis, industrial sales rose 0.3 percent in May, after a 0.8 percent fall in the prior month.

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