Italian industrial sales rebound sequentially in November, industrial orders decline

Italy’s seasonally adjusted industrial turnover index rose sequentially in November, rebounding from the fall in the prior month. On a month-on-month basis, the industrial sales rose 0.1 percent, following a fall of 0.5 percent in the prior month. The average of the last three months compared to the previous three months continued to be the same. On a year-on-year basis, the calendar adjusted industrial turnover index rose 0.6 percent, a slowdown from 2 percent seen in the prior month.

Meanwhile, the seasonally industrial new orders index dropped 0.2 percent sequentially, following a drop of 0.5 percent recorded in the prior month. The average of the last three months compared to the previous three months fell by 1.2 percent. The unadjusted industrial orders index fell 2 percent year-on-year, following the rise of 1.8 percent recorded in the prior month.

The seasonally adjusted volume turnover index rose 0.1 percent on a sequential basis.

At 16:00 GMT the FxWirePro's Hourly Strength Index of Euro was bearish at -79.6168, while the FxWirePro's Hourly Strength Index of US Dollar was slightly bullish at 51.18 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex