Total orders for industry in Italy decreased 0.2 percent from a month earlier in November of 2018, after an upwardly revised 0.5 percent fall in October. It was the third drop in new orders, as domestic demand continued to decline (-1.1 percent from -0.6 percent in October) while foreign demand rebounded (1.1 percent from -0.4 percent). Year-on-year, new factory orders went down 2 percent, following a downwardly revised 1.8 percent gain in the previous month. Meantime, industrial sales went up 0.1 percent from the previous month and grew 0.6 percent from the previous year. Factory Orders in Italy averaged 0.24 percent from 1990 until 2018, 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 2.50 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 0.80 in 12 months time. In the long-term, the Italy Industrial New Orders is projected to trend around 0.70 percent in 2020, according to our econometric models.