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August 29, 2019In June, Italian industrial orders registered a downturn both on a monthly basis (-0.9%) and on the whole of the second quarter (-0.4%).
On an annual basis, the raw data shows a decrease of 4.8% compared to June 2018. According to Istat, specifying that the downward trend is the worst since July 2016 (-9.2%). The
the economic downturn, explains the Istat, reflects the contained growth of orders coming from the domestic market (+ 1.1%) and the marked decrease of those from abroad (-3.8%).

The sectors that fall and hold
The cyclical drop in turnover is spread with different intensities to all the main groups of industries: -0.2% for capital goods, -0.4% for consumer goods, -0.8% for intermediate goods and - 2.8% for energy. They are better and keep the manufacturing sector, the textile industries and those of the means of transport record the growth
trend of the most significant turnover (+ 4.1%), while the pharmaceutical industry shows the greatest drop (-12.6%). "In June - explains Istat - the turnover of the industry
shows a downturn on a monthly basis, conditioned by the contraction in domestic sales, while remaining more or less stable on a quarterly basis. In comparison with the month
previous the decline is widespread for all the main industrial groups, resulting particularly marked for the energy sector. In the quarterly comparison, instead, they mark
positive economic changes in capital goods and consumer goods. Even net of the price component, the manufacturing sector shows an economic downturn on a base
monthly, remaining stable on a quarterly basis ".

The car market also collapses
The turnover and orders of the automotive industry decreased in June. This was revealed by Istat, explaining that the turnover shows a decrease of 6.3% (of which -7.8% on the domestic market and -3.3% on the foreign market), while the orders show a -15.9% (-18% on the domestic market and -12.4% on the foreign market). The performance for the half year was also bad, with turnover down 11% (-12.6% on the domestic market and -8.1% on foreign markets) and orders down by 14% (-14.7% nationally) and -12.9% abroad).