Rome

Italian industrial orders dropped 9.8% in 2012

Revenue fell 4.3% last year, says Istat

Italian industrial orders dropped 9.8% in 2012

Rome, February 20 - Industrial orders in recession-hit Italy fell 9.8% last year with respect to 2011 and revenues were 4.3% down, Istat said on Wednesday. The national statistics agency said the revenue drop was caused by a 7.6% decrease in domestic sales, which in part was offset by a 2.6% increase in industrial exports. Istat added that industrial orders dropped 15.3% in December with respect to the same month in 2011, the biggest year-on-year fall since October 2009, and 1.8% with respect to November 2012. Industrial revenue was 9.2% lower in December than in the same month in 2011 and 0.8% down on November.

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