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Economy in Brief

Italy New Orders
by Robert Brusca October 17, 2008

Italian orders have fallen in August after several months of gains. Foreign orders are much weaker than domestic orders in Italy. Foreign orders have dropped in six of the past seven months. Domestic orders are down in just two of those seven months. Still, over that period, starting in February of 2008 overall orders are lower. The international sector is dragging Italy’s industrial sector into decline. Over this period industrial sales have fallen by 4%, not even annualized.

Italy Orders
Saar exept m/m Aug-08 Jul-08 Jun08 3-mo 6-mo 12-mo
Total -0.3% 2.7% 0.7% 13.2% -1.4% 1.1%
Foreign -3.4% -0.7% 1.2% -11.3% -14.3% -7.4%
Domestic 1.2% 4.6% 0.5% 28.2% 5.9% 5.9%
Sales -3.0% -2.7% 3.1% -10.4% -7.9% -7.1%
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