New orders for Italy's industrial goods plunged 26.5 percent over a month earlier in March 2020, following a downwardly revised 4.1 percent fall in the previous month. It was the biggest decline in industrial orders on record, amid lockdowns and factories closures due to the coronavirus pandemic. Demand from both the foreign market (-21.4 percent vs -3.7 percent in February) and the domestic market (-29.9 percent vs -4.4 percent) dropped further. Year-on-year, factory orders slumped 26.6 percent, after declining a downwardly revised 2.5 percent in the prior month. Considering the first quarter of the year, new orders for industrial goods went down 10.8 percent compared to the same period of 2019.
Factory Orders in Italy averaged 0.15 percent from 1990 until 2020, reaching an all time high of 14.40 percent in August of 1994 and a record low of -26.50 percent in March of 2020. This page provides the latest reported value for - Italy Industrial New Orders - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Industrial New Orders - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: National Institute of Statistics (ISTAT)
Factory Orders in Italy is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Factory Orders in Italy to stand at 0.20 in 12 months time. In the long-term, the Italy Industrial New Orders is projected to trend around 0.30 percent in 2021, according to our econometric models.