Italian industrial sales and new orders indices rise in January

Italian industrial turnover index rose in January. On a seasonally adjusted basis, the turnover index rise 3.1 percent sequentially, according to Istat. Turnover index in the domestic market saw a rise of 2.3 percent, whereas the non-domestic market saw a rise of 4.5 percent. The average of the last three months compared to the prior three months fell 1.8 percent. The domestic market and non-domestic market saw declines of 1.6 percent and 2.4 percent, respectively.

The seasonally adjusted industrial new orders index rose 1.8 percent sequentially. The domestic and non-domestic markets recorded a fall of 1.1 percent and a rise of 6 percent, respectively. The average of the last three months compared to the prior three months dropped 2.1 percent.

On a year-on-year basis, the industrial turnover index rose 0.6 percent (-0.1 percent in domestic market and +1.9 percent in non-domestic market). The unadjusted industrial new orders index dropped 1.2 percent year-on-year. The seasonally adjusted volume turnover index rose 2.8 percent sequentially.

At 12:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral at 39.9793 while the FxWirePro's Hourly Strength Index of US Dollar was bearish at -80.1064 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex