Italian industrial sales and new orders drop sharply in March
Italian industrial sales dropped 25.8 percent in March on a sequential basis. Domestic market saw a fall of 27.9 percent, while the non-domestic market saw a decline of 21.9 percent. For the whole of first quarter, industrial sales fell 6.6 percent quarter-on-quarter. Domestic market saw a decline of 7.9 percent, whereas non-domestic market saw a fall of 4.1 percent.
On a year-on-year basis, industrial sales dropped 25.2 percent in March. Domestic market and non-domestic market saw a decline of 27.6 percent and 20.7 percent, respectively. The seasonally adjusted volume turnover index (only for the manufacturing sector) fell 24.4 percent sequentially. It fell 6.8 percent quarter-on-quarter in the first quarter. The calendar adjusted volume turnover index dropped 24.7 percent year-on-year.
Meanwhile, the seasonally adjusted industrial new orders index fell 26.5 percent sequentially. In the whole of first quarter, the new orders dropped 9.5 percent quarter-on-quarter. On a year-on-year basis, the industrial new orders index fell 26.6 percent.