Italy January industrial orders +1.8% vs -1.8% m/m prior

Latest data released by Istat - 15 March 2019

• Prior -1.8%; revised to -1.4%
• Industrial orders -1.2% y/y
• Prior -5.3%; revised to -4.7%

• Industrial sales +0.6% m/m
• Prior -7.3%; revised to -7.4%
• Industrial sales +3.1% y/y
• Prior -3.5%; revised to -3.6%

A decent improvement in factory activity coming out of Italy but we'll have to see if this could be the start of a turning point for the economy. I highly doubt it though. If anything, there should be more challenges to be faced this year. But this will at least further add to the positive uptick in Eurozone economic data over the past two weeks.