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Italy July manufacturing PMI 44.5 vs 44.2 expected

Italy July manufacturing PMI 44.5 vs 44.2 expected
Prior 43.8Italian manufacturing activity improved slightly in July but still sits in contraction territory, as the downturn eases ever so slightly. Output and new orders are both still registering sharp declines but falling demand and improved supply is at least leading to a steep drop in input prices. HCOB notes that:"As the third quarter kicks off, Italian industry remains mired in its now roughly one year old recession. The manufacturing sector is experiencing a massive slump in demand, refle... Read More
Posted: Aug 1 2023, 07:45
Author Name: forexlive
Views: 110644

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