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Italy October manufacturing PMI 44.9 vs 46.2 expected

Italy October manufacturing PMI 44.9 vs 46.2 expected
Prior 46.8That's a miss on Italy as well as manufacturing conditions continue to be hampered by weak demand. Of note, output and new sales were seen contracting at a faster pace in October. HCOB notes that:“It doesn’t look good for the Italian manufacturing sector. According to the HCOB PMI, output contracted for the seventh consecutive month with new orders overall and from abroad declining at some of the fastest rates in the last 12 months. According to official data from ISTAT, manufacturing... Read More
Posted: Nov 2 2023, 08:45
Author Name: forexlive
Views: 111041

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