Tuesday 20 March 2012

Italy industrial orders down


Industrial Orders Collapse In Italy

Markets were already down into this news, but this won't help sentiment at all.

Industrial orders for January in Italy fell 7.4% in January, a decline that's far steeper than the expectations of a 3.2% decline.

Of course, this is January data, so it's already a bit stale. But there shouldn't be any doubt about the severity of the downturn.

Interestingly, the Italian market itself has bounced back a bit. It had been down 0.5%, but is now off just 0.2%.


No comments:

Post a Comment

Note: only a member of this blog may post a comment.