Loading page content
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 RELEASE
Industrial Orders MoM (Italy) was reported at 1.7% in February 2021. The reading rose from the previous value of -1.4%.
WHY IT MATTERS
The trailing three releases averaged 1.13%, down from the prior three at 4.13%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.91%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 28) and Consumer Confidence (May 28).
Auto-generated from current model state · Refreshes on each release · Last update February 2021.
SHARE
Industrial Orders MoM - IT
Loading chart data...
About Industrial Orders MoM — Italy
DEFINITION
Industrial Orders MoM (Month-over-Month) is a key economic indicator that measures the change in the value of orders placed by manufacturers for durable goods over a one-month period. This indicator provides valuable insights into the current state of the manufacturing sector and can be used to gauge the overall health of the economy. A positive change in industrial orders indicates increased demand for goods, while a negative change may suggest a slowdown in economic activity. Investors and policymakers closely monitor this indicator to make informed decisions about investments and economic policies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2020): actual 1.7 %. Prior reading (Nov 2020): -1.3 %. Before that (Nov 2020): -1.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.