Manufacturing PMI 49.4 vs. 48.5 expected and 47.4 prior.Key findings:Declines in production and new orders only modest in August. Firms raise staffing levels for first time since April as outlook brightens. Charge inflation returns after nearly a year-and-a-half of reductions.Comment:Commenting on the PMI data, Dr Tariq Kamal Chaudhry Economist at Hamburg Commercial Bank, said: “Italy's industry is on the mend. Although the HCOB PMI for Italy's manufacturing sector remains below the growth threshold at 49.4 points in August, the index has gained two points. Still, this result is good news given the downward trend elsewhere in the eurozone in recent months. However, the situation for the Ital
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