Italy September manufacturing PMI 48.3 vs. 49.0 expected ...Middle East

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Manufacturing PMI 48.3 vs. 49.0 expected and 49.4 prior.Key findings:Sharper decline in production volumes in September. Total new orders down markedly, with exports falling sharply. Cost pressures cool notably, while charges discounted slightly.Comment:Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “The situation in Italy's manufacturing sector remains grim. While the headline index saw a slight improvement in August, it has now dropped again in September, remaining firmly in recessionary territory. The global downturn in manufacturing activity, which has worsened in the third quarter, is clearly impacting Italian manufacturers. Competition f

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