RTTNews - Italian industrial orders rose 0.4% month-on-month in May after falling revised 3.6% in April, statistical office Istat said Friday. That was the first increase since July 2008. Orders increased less than the expected growth of 1%.
On an annual basis, demand for Italian industrial products plunged 31%, eighth consecutive fall, after a 32.2% decline in April.
Industrial turnover continued to drop for the eleventh straight month in May with a 1.1% decrease month-on-month.
The annual fall in turnover was 22.8% in May, slightly up from 22.2% contraction recorded in the previous month.
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