Italy June industrial orders -2.3% vs +3.6% m/m prior

Latest data released by Istat - 18 September 2018

• Prior +3.6%
• Industrial orders NSA +2.8% y/y
• Prior +4.9%

• Industrial sales -1.0% m/m
• Prior +1.7%
• Industrial sales WDA +2.9% y/y
• Prior +5.00%

A bit of a dip in industrial activity to end Q2 but then again, it's Q2 data. The release here is very much a lagging data point and doesn't do much for the current Italian/Eurozone economic rhetoric.