Italian industrial orders were
down 10% in the year to August while turnover was 2.2% down,
ISTAT said Wednesday.
These were gross figures.
In order to find a worse result you have to go back to
December 2018, when the fall was 10.8%.
This figure reaches a drop of 16.3% for foreign orders.
That is the worst result in 10 years, since October 2009.
It is due to "the progress of orders coming from the foreign
market", ISTAT said.
At a sectorial level, the stats agency added, it is due
largely to the segment of 'other means of transport'.
The Italian economy has been emerging from a triple-dip
recession.
But there have been recent signs that it may be falling back
into recession.
The government is aiming to boost the economy with its 2020
budget.
The bill features tax cuts and a boost in investments for a
'green new deal'.
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