INDUSTRIAL SALES SOAR 21.7 PERCENT IN ITALY

INDUSTRIAL SALES SOAR 21.7 PERCENT IN ITALY

Italian industrial sales surged at an annual rate of 21.7 percent in June and new orders advanced an annual 21.0 percent, national statistics institute Istat said Tuesday.

In the January-June period, Istat said industrial sales rose an annual 19.4 percent, while new orders rose 25.6 percent.The June sales increase stemmed from a 16.5 percent increase in domestic sales and a 34.6 percent export increase.

With regard to orders, domestic orders rose 15.7 percent, while foreign orders increased an annual 30.6 percent.