Global| Oct 17 2008Italy New Orders
Summary
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 [...]
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% |
| Memo | ||||||
| Sales | -3.0% | -2.7% | 3.1% | -10.4% | -7.9% | -7.1% |
Robert Brusca
AuthorMore in Author Profile »Robert A. Brusca is Chief Economist of Fact and Opinion Economics, a consulting firm he founded in Manhattan. He has been an economist on Wall Street for over 25 years. He has visited central banking and large institutional clients in over 30 countries in his career as an economist. Mr. Brusca was a Divisional Research Chief at the Federal Reserve Bank of NY (Chief of the International Financial markets Division), a Fed Watcher at Irving Trust and Chief Economist at Nikko Securities International. He is widely quoted and appears in various media. Mr. Brusca holds an MA and Ph.D. in economics from Michigan State University and a BA in Economics from the University of Michigan. His research pursues his strong interests in non aligned policy economics as well as international economics. FAO Economics’ research targets investors to assist them in making better investment decisions in stocks, bonds and in a variety of international assets. The company does not manage money and has no conflicts in giving economic advice.
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