Italian industrial turnover edges up in May

But year-on-year data continues negative trend

Italian industrial turnover edges up in May

Rome, July 19 - Industrial turnover in recession-hit Italy edged up 0.1% in May on April, but the relative year-on-year figure continued a long negative trend, Istat said Friday. The national statistics agency said May's industrial turnover was 5.1% down in the same month in 2012, according to seasonally adjusted data, for the 17th consecutive fall. It was a similar story for industrial orders. Orders were up 3.2% in May on April, the biggest monthly rise since January 2011, but dropped 1.1% with respect to May 2012, according to raw data not adjusted for seasonal factors.

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