Total orders for industry in Italy fell 2.4 percent from a month earlier in April 2019, following a downwardly revised 2.1 percent gain in the previous month and well above market expectations of a 2.4 percent rise. Foreign demand dropped 4.1 percent, after increasing 5.8 percent in March and domestic demand declined further (-1 percent compared to -0.6 percent). Year-on-year, new factory orders went down 0.2 percent, following an upwardly revised 3.8 percent fall in March and compared with market consensus of a 4.1 percent decrease. Meantime, industrial sales dropped 0.7 percent from the prior year and declined 1 percent from the previous month. Factory Orders in Italy averaged 0.23 percent from 1990 until 2019, reaching an all time high of 14.30 percent in August of 1994 and a record low of -12.30 percent in November of 2008.
Factory Orders in Italy is expected to be -1.00 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 1.00 in 12 months time. In the long-term, the Italy Industrial New Orders is projected to trend around 0.30 percent in 2020, according to our econometric models.