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Italy June manufacturing PMI 43.8 vs 45.3 expected

Italy June manufacturing PMI 43.8 vs 45.3 expected
Prior 45.9That's a bit of a bummer as Italy's manufacturing shrinks at its steepest rate since Covid lockdowns. And that highlights further the deterioration in demand conditions throughout the region towards the end of Q2. HCOB notes that:"The recession in Italian industry, which the sector entered in the second half of 2022, seems to be deepening. With an index value of 43.8 for June, the HCOB PMI for the manufacturing sector is as low as during the outbreak of the Corona pandemic in spring 20... Read More
Posted: Jul 3 2023, 07:45
Author Name: forexlive
Views: 102593

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