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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Industrial Orders MoM fell to 1.2 in January 2020
FMPMonthlyReleased March 2020
Italy Industrial Orders MoM fell to 1.2 in January 2020, released March 2020, down 0.1 from December's 1.3 reading. The print exceeded the -0.2 consensus by 1.4. The print is running well above the 12-month average of 0.17. Over the past 3 months, Industrial Orders MoM averaged 0.55, vs 0.83 in the prior 3-month window. The reading is in the 75th percentile of the trailing 24-month range.
Latest Release
1.2
Actual
-0.2
Consensus
1.3
Previous
Median Absolute Error
±1.91 percentage points
across last 12 releases
Last Call
Mar 2020
Predicted: 0.22
Actual: 1.2
Error: -0.97
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The March 2020 reading fell from the previous value of 1.3. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.91. Historically, this indicator is positively correlated with EUR/USD (Bullish EUR) and positively correlated with DAX (Bullish EU).
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Industrial Orders MoM - IT
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