ITALY DATA: April industrial orders dropped -6.4% m/m in seasonally-
adjusted terms on decreased domestic and foreign orders, posting the
biggest monthly drop since August 2009 (-11.5%). Orders gained +5.8%
in unadjusted y/y terms, slowing from a +21.2% y/y gain in March.
–Apr seas. adjusted m/m domestic orders -2.6%; foreign orders -12.2%
–Apr seasonally-adjusted turnover +1.5% m/m, workday adj. +14.2% y/y