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MNI: ITALY DATA: Industrial Orders (Feb 2019)........>

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MNI: ITALY DATA: Industrial Orders (Feb 2019) Preview - 09:00 BST
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- Previous (Jan): 1.8% m/m, -1.2% y/y
- After declining for four consecutive months, Italian industrial orders
rebounded in Jan
- Jan's m/m rebound was driven entirely by stronger foreign orders (+6.0%) ...
- ... while domestic orders fell back by 1.1%
- On a less volatile 3m/3m basis, orders were down by 2.0% in Nov-Jan vs the
previous three months...
- ... driven by a 4.7% decline in foreign orders and a much milder 0.1% drop in
domestic orders
- More timely indicators suggest a weak industrial outlook going forward
- Italy's manufacturing PMI suggested new orders contracted at the fastest rate
in nearly six years in Mar...
- ...  as slowdowns in neighbouring Eurozone countries and key external markets
continue to dampen demand

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