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Industrial sales, orders climb, reports Istat

Strong growth seen in transport sector

20 January, 12:39
Industrial sales, orders climb, reports Istat (ANSA) - Rome, January 20 - Industrial sales rose in November after 22 months of weakness, national statistical agency Istat said Monday.

It reported that November's jump of 0.4% was the first annual increase reported since December 2011. Significant gains were reported in the transport sector, including orders for assembled airplanes, automobiles, trains, and components, which jumped by 15.5% while sales in the sector rose 7.5% from November 2012.

Industrial orders also rose by 2.3% in November from the previous month, on a seasonally adjusted basis.

Domestic orders rose by 4.1% while foreign orders dropped by 0.4% from October, Istat said.

Measured on an annual basis, industrial orders in Italy climbed by 3.0% in November compared with the same time one year earlier.