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Italy industrial new orders rebound in August

Industrial new orders in Italy recovered in August, rising 4.9% month over month after falling in July on a seasonally adjusted basis, the country's National Institute of Statistics said.

On an unadjusted basis, industrial new orders edged up 0.9% from the prior-year period.

Domestic market orders inched up 0.5% month over month in August, while nondomestic market orders climbed 11.0%.

The average of new orders in the three months to August increased by 0.6% from the previous three months.

The industrial turnover index, a measure of monthly evolution of sales by industrial enterprises at current prices, went up by 1.2% in August from July on a seasonally adjusted basis, and rose 3.2% from the year-ago period on a calendar-adjusted basis.