22.07.201604:44:00UTC+00Italy Industrial Orders Decline In May

Italy's industrial orders and sales decreased in May after rising in the previous month, figures from the statistical office ISTAT showed Friday.

Industrial orders declined 2.8 percent from April, when they rose 0.9 percent. Domestic market orders decreased for a third straight month, down 0.6 percent. Foreign orders fell 5.7 percent after an 8.2 percent jump in the previous month.

Compared to a year ago, industrial orders decreased 4.2 percent in May following an 11.3 percent slump in the previous month. That was second consecutive annual decline.

Industrial turnover declined 1.1 percent from April, when sales rose 2.1 percent. Domestic sales decreased 1.1 percent and sales abroad shrunk 1.2 percent.

On a year-on-year basis, industrial sales fell 2.7 percent after a 0.1 percent gain in the previous month.