Italy EUR

Italy Industrial Orders YoY

Info

History

Chart

Impact:

Low

Source: National Institute of Statistics (ISTAT)

Latest Release:

Date:

Surprise:

1.5%

Actual:

Forecast: 5.5%

Previous/Revision:

Period: Dec

What Does It Measure?

The Italy Industrial Orders YoY measures the change in the level of new industrial orders received by manufacturers in Italy compared to the same month in the previous year. This indicator focuses on production demand and serves as a leading indicator of manufacturing activity, assessing key areas such as domestic and foreign demand for goods.

Frequency

The release occurs on a monthly basis and typically includes final figures that are published around the 8th working day of the following month.

Why Do Traders Care?

Traders pay close attention to the Italy Industrial Orders YoY because it provides insights into the health of the manufacturing sector and overall economic performance. Stronger-than-expected industrial order numbers can signal economic expansion and lead to a bullish sentiment in financial markets, influencing currencies such as the EUR and impacting stock prices.

What Is It Derived From?

This indicator is derived from a survey of manufacturers, including large and small firms, which collects data on their incoming orders for goods. The measurement uses a diffusion index approach, where the number of respondents reporting an increase in orders is compared to those reporting a decrease, allowing for the calculation of a net change in orders.

Description

Preliminary reports are based on early estimates of the orders and are subject to revision, while final reports reflect a more accurate count and are published later. The YoY comparison helps eliminate seasonal fluctuations, revealing underlying trends in demand for Italian manufactured goods over a longer-term horizon.

Additional Notes

The Italy Industrial Orders YoY serves as a leading economic indicator, signaling potential future production levels and overall economic momentum. This measure is crucial for investors and analysts as it can correlate with related indicators such as industrial production and GDP growth.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Feb 23, 2021	7%	5.5%	5%	1.5%
Jan 21, 2021	5.3%	0.7%	1.2%	4.6%
Dec 16, 2020	1.2%	5%	3.3%	-3.8%
Nov 20, 2020	3.2%	8.5%	5.8%	-5.3%
Oct 15, 2020	6.1%	-5.7%	-7.2%	11.8%
Sep 18, 2020	-7.2%	-6.3%	-11.6%	-0.9%
Aug 27, 2020	-11.8%	-20%	-34.1%	8.2%
Jul 17, 2020	-34.7%	-32%	-48.6%	-2.7%
Jun 17, 2020	-49%	-42%	-26.6%	-7%
May 15, 2020	-26.6%	-13.9%	-2.5%	-12.7%
Apr 22, 2020	-2.6%		-1.9%
Mar 18, 2020	-1.8%	0.7%	5.7%	-2.5%
Feb 21, 2020	6%	-2%	-4.3%	8%
Jan 22, 2020	-4.3%	-2.4%	-1.6%	-1.9%
Dec 13, 2019	-1.5%	-3.4%	0.2%	1.9%
Nov 19, 2019	0.3%	-3.9%	-10.4%	4.2%
Oct 16, 2019	-10%	-2.6%	-0.8%	-7.4%
Sep 18, 2019	-1%	-2.6%	-4.9%	1.6%
Aug 29, 2019	-4.8%		-2.3%
Jul 17, 2019	-2.5%	-4.2%	-0.2%	1.7%
Jun 14, 2019	-0.2%	-4.1%	-3.8%	3.9%
May 15, 2019	-3.6%	-4.1%	-3.1%	0.5%
Apr 18, 2019	-2.9%	-0.2%	-0.6%	-2.7%
Mar 15, 2019	-1.2%	-4%	-4.7%	2.8%
Feb 19, 2019	-5.3%	2.3%	-2.2%	-7.6%
Jan 16, 2019	-2%		1.8%
Dec 14, 2018	2%		-1%
Nov 16, 2018	-0.9%		0.8%
Oct 16, 2018	0.9%		2.8%
Sep 18, 2018	2%		4.6%
Sep 18, 2018	2.8%		2%
Jul 17, 2018	4.9%		7.2%
Jun 15, 2018	6.4%		2.3%
May 16, 2018	2.6%		2.8%
Apr 18, 2018	3.4%		9.6%
Mar 28, 2018	9.6%		4.1%
Feb 22, 2018	6.9%		8.9%
Jan 25, 2018	8.9%		12.5%
Dec 22, 2017	12.5%		4.5%
Nov 24, 2017	4.5%		9.6%
Oct 25, 2017	12.2%		10.1%
Sep 27, 2017	10.1%		-1.8%
Sep 27, 2017	-1.8%		13.7%
Jul 25, 2017	13.7%	-0.4%	-2.2%	14.1%
Jun 23, 2017	-2.2%	7.6%	9.2%	-9.8%
May 25, 2017	9.2%	5.1%	7.8%	4.1%
Apr 21, 2017	7.8%	7.4%	8.6%	0.4%
Mar 28, 2017	8.6%	0.7%	-0.9%	7.9%
Feb 24, 2017	-0.9%	2%	0.1%	-2.9%
Jan 25, 2017	0.1%	-1.6%	-3.2%	1.7%
Dec 22, 2016	-3.2%		2.6%
Nov 25, 2016	2.6%		16.5%
Oct 25, 2016	15.9%		-11.8%
Sep 27, 2016	7.7%	-0.8%	-4.2%	8.5%
Sep 27, 2016	-11.8%		7.7%
Jul 22, 2016	-4.2%	1.2%	-11.3%	-5.4%
Jun 23, 2016	-11.3%	1.1%	0.1%	-12.4%
May 25, 2016	0.1%	1.2%	3.8%	-1.1%
Apr 22, 2016	3.8%		0.1%
Mar 24, 2016	0.1%	1.7%	1.5%	-1.6%
Feb 24, 2016	1.5%	2.1%	12.1%	-0.6%
Jan 25, 2016	12.1%	1.1%	2.2%	11%
Dec 23, 2015	2.2%	2.5%	-0.8%	-0.3%
Nov 25, 2015	-0.8%	5.3%	2.8%	-6.1%
Oct 23, 2015	2.1%		10.4%
Sep 24, 2015	11.2%	0.2%	-0.5%	11%
Sep 24, 2015	10.4%		11.2%