New orders for Italy's industrial goods rose 3.7 percent over a month earlier in July of 2020, easing from an upwardly revised 23.7 percent jump in June. It was the third consecutive monthly gain in new orders. Demand from both the foreign market (7.4 percent vs 19.6 percent in June) and the domestic market (1.3 percent vs 26.6 percent) increased at a softer pace. Year-on-year, factory orders fell 7.2 percent, after dropping 11.6 percent in the prior month. Meantime, industrial sales went up 8.1 percent from the previous month and dropped 8.1 percent from the previous year.
Factory Orders in Italy averaged 0.26 percent from 1990 until 2020, reaching an all time high of 43.70 percent in May of 2020 and a record low of -31.20 percent in April of 2020. This page provides the latest reported value for - Italy Industrial New Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Industrial New Orders - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Institute of Statistics (ISTAT)
Factory Orders in Italy is expected to be -1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in Italy to stand at 0.90 in 12 months time. In the long-term, the Italy Industrial New Orders is projected to trend around 0.60 percent in 2021 and 0.30 percent in 2022, according to our econometric models.