Italian industrial turnover index falls sequentially in October, rises year-on-year

The seasonally adjusted industrial turnover index in Italy dropped 0.5 percent sequentially in October. The turnover index for domestic market came in at -0.7 percent and for non-domestic market it came in at -0.2 percent. The average of the last three months compared to the earlier three months rose 0.3 percent.

The seasonally adjusted industrial new orders index fell 0.3 percent sequentially. The average of the past three months came in at 0.5 percent as compared to the previous three months.

On a year-on-year basis, the industrial turnover index rose 2 percent, a rise of 1.7 percent in domestic market and 2.7 percent in non-domestic market. The unadjusted industrial new orders index was up 2 percent year-on-year. Domestic market saw a rise of 1.2 percent, while non-domestic market saw a rise of 3 percent.

The seasonally adjusted volume turnover index fell 0.7 percent sequentially.

At 13:00 GMT the FxWirePro's Hourly Strength Index of Euro was slightly bearish at -61.5854, while the FxWirePro's Hourly Strength Index of US Dollar was slightly bullish at 68.711. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex