 · Italy’s new orders are off in October, led by weakness in foreign orders on the month. But that drop only offsets the rise the month before. Domestic order weakness remains despite the 1.7% rise in October. Over three months both domestic and foreign orders are falling. Yr/Yr foreign order growth is still strong at +10.2%, while domestic orders are up by just 2.9% over 12-months. In the quarter to date, total orders are dropping at a 6.3%
pace, while foreign orders are dropping at a 19% rate. Domestic orders in Q4 2007 are edging upward a pace of 1.9% at an annualized rate.
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