Total orders for industry fell 2.7 percent from a month earlier in February of 2019, down from an upwardly revised 2.1 percent rise in January. It was the steepest decline since September of 2018, as foreign demand dropped 6 percent (from 6.1 percent in January) and domestic demand continued to decrease (-0.4 percent from -0.6 percent). Year-on-year, new factory orders went down 2.9 percent, following a downwardly revised 0.6 percent fall in January. Meantime, industrial sales rose 1.3 percent from the previous year and went up 0.3 percent from the prior month. Factory Orders in Italy averaged 0.23 percent from 1990 until 2019, reaching an all time high of 14.30 percent in August of 1994 and a record low of -12.30 percent in November of 2008.
Factory Orders in Italy is expected to be -1.00 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 1.00 in 12 months time. In the long-term, the Italy Industrial New Orders is projected to trend around 0.30 percent in 2020, according to our econometric models.