Italy May Final Manufacturing PMI 45.6 vs.48.0 expected ...Middle East

Final Manufacturing PMI 45.6 vs.48.0 expected and 47.3 prior.Key findings: Operating conditions deteriorate at most pronounced rate in 2024 so far. Confidence dips following order book slump. Firms cut charges despite rising costs in an attempt to drum up sales.Comment:Commenting on the PMI data, Dr Tariq Kamal Chaudhry Economist at Hamburg Commercial Bank, said: “The goods-producing sector in Italy continued to struggle in May. The HCOB PMI for the manufacturing sector has declined further from the previous month, currently standing at 45.6. This weakness appears to be widespread, affecting nearly all sub-indices. “Manufacturers were plagued by inflation. While overall producer price inflat

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