Latest data released by Istat - 15 June 2018
- Prior +0.5%; revised to +0.3%
- Industrial orders NSA +6.4% y/y
- Prior +2.6%; revised to +2.3%
- Industrial sales +0.3% m/m
- Prior +0.8%; revised to +0.6%
- Industrial sales WDA +4.0% y/y
- Prior +3.6%; revised to +3.3%
The monthly estimates were weaker compared to expectations and the revisions overall were to the downside, but the yearly estimates actually were much improved and that should outweigh the negative revisions.
Industrial output data earlier in the week was weak, so this is a little bit of a better reading. A minor data point though, won't really take away or add much to Eurozone sentiment given the readings.
