Italy released its industrial orders for the month of July coming in at 3.2% higher than both the revised prior reading of 0.8% from 0.4% while the markets were projecting 0.4%, on the year the reading improved to -23.2% from the previous reading of -31.0% which was also better than the predicted reading of -30.2 percent.

Industrial sales for the month of July came in at 0.7% higher than the revised prior reading of -1.0% from -1.1% while on the year it slightly picked up to -21.7% from the preceding reading of -22.8%.