Rome

Italian industrial orders, revenues plummet

Revenues down 4.2% in September, orders drop 4%

Italian industrial orders, revenues plummet

Rome, November 19 - Industrial revenues plummeted in recession-hit Italy in September, Istat said on Monday, denting hopes that the sector might be working its way out of the economic crisis. The national statistics agency said revenues were 4.2% down in September compared to August. This ended a brief period of respite for Italian industry, coming after modest month-on-month gains were registered in July and August. Istat added industrial revenues were 5.4% down compared to the same period in 2011 for the ninth consecutive year-on-year drop. Industrial orders were down in September too, dropping 4% on August and 12.8% on the same month in 2011.

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