Volatility in Italian industry

Industrial orders increased in Italy in July, but not enough to offset the decline in June. The seasonally adjusted figures – released yesterday by Italy’s official statistics body Istat – show growth of 1.8 per cent month-on-month in July. Within that, domestic orders increase by 0.3 per cent while non-domestic order rose by 4.6 per cent. The 1.8 per cent increase compares with a fall of 4.4 per cent reported in June.