Friday, Italy's statistical office ISTAT said industrial orders dropped 1.5% month-on-month in February, taking the annual decline to 32.7%. Meanwhile, economists had forecast a monthly fall of 2.6% and an annual drop of 30.7%. Domestic orders were down 33.4% year-on-year, while foreign orders plunged 31.3%.

Industrial turnover in February was down 24.6% year-on-year with domestic turnover falling 23.4% and non-domestic turnover declining 27.5%. Compared to January, total turnover in Italian industries slid 3.1% in February.

During the period January to February, total turnover dropped 25% year-on-year and total orders fell 32.9%.

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