Italy's Industrial Orders Fall In February

(RTTNews) - Italy's industrial orders declined for a second time in three months in February, data from the statistical office Istat showed Friday.

Industrial orders dropped 3.1 percent from a month ago as both domestic and foreign demand deteriorated in February. The decline reversed January's revised 4.7 percent increase.

Domestic demand decreased 2.2 percent and foreign orders slid 4.4 percent in February.

At the same time, industrial turnover fell by seasonally adjusted 1.5 percent from January, when it was up 1.2 percent. Domestic sales were down 1.8 percent and non-domestic market turnover fell 0.7 percent.

On a yearly basis, industrial orders advanced 2.8 percent and turnover gained 1.2 percent in February.