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Factory orders fall beyond estimates in Sept in Italy

by ChemOrbis Editorial Team -
  • 21/11/2014 (11:27)
According to data released by national statistics office, ISTAT, Italy’s factory orders fell by a larger than expected amount in September. The country’s factory orders decreased 1.5% month over month in September when compared to an increase of 1.5% posted in August. Economists’ estimates called for a decrease of 1%.

Lower domestic and foreign demand was cited as the main reason behind the country’s weaker orders. Orders in the domestic market fell 1.2% while the country’s foreign orders contracted by 2% in September.
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