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Economy in Brief

Italy Orders Rise in Month but Still Faltering Trend
by Robert Brusca March 19, 2008

Italy’s orders jumped sharply in January but only after an even larger fall in December. As a result the Q1 sales growth for orders in January over the Q4 average is a dismal -1.8%. Foreign orders in Q1 2008 are still rising however at a 4.4% rate but domestic orders are a very weak -5.4%.

Italian sales are however up sharply higher in 2008-Q1: as of January. Sales are growing at a strong 18% pace in the quarter with 3.6% growth over three months and 5.7% growth over 12 months. So order weakness has yet to hit the sales bottom line. Still, order and sales in Italy have tracked closely in the past, so the weakness in orders should be ignored.

Italy Orders
Saar exept m/m Jan-08 Dec-07 Nov-07 3-mo 6-mo 12-mo
Total 2.6% -5.6% 2.9% -1.0% -3.0% 7.2%
  Foreign 5.3% -8.1% 3.9% 2.0% -8.3% 10.0%
  Domestic 1.1% -4.1% 2.4% -2.8% -0.2% 5.7%
  Sales 4.6% -2.6% 0.2% 9.0% 3.6% 5.7%
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