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Italy’s factory orders down, retail sales increase in Nov

by ChemOrbis Editorial Team -
  • 22/01/2015 (16:43)
According to data released by Italy’s statistical office ISTAT, the country’s factory orders decreased for a fourth straight month while retail sales increased for the first time in seven months in November. Factory orders were down 1.1% on the month after a 0.1% increase in October to fall below economists’ estimates.

On a yearly basis, the country’s factory orders declined 4.1% in November compared with a 0.2% drop reported in October. Domestic orders were down 3.9% while export orders declined 2.9% in the same month.

Meanwhile, Italy’s retail sales rose for the first time since April in November, posting an increase of 0.1% owing to food product sales rising by 0.2%. However, on a yearly basis, the country’s retail sales contracted 2.3% in November following a decrease of 1% in October.
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