Italy June manufacturing PMI 45.7 vs 44.4 expected ...Middle East

Prior 45.6The downturn continues in Italy's manufacturing sector, with it staying in contraction territory for a third straight month. Weaker demand conditions continue to be the bane for most of the euro area at the moment. This led to a decline in production volumes, with the pace of the drop being the quickest in seven months. HCOB notes that:“The Italian industry remains in solid decline. The HCOB PMI for the manufacturing sector in Italy hasn't dropped further from the previous month but still shows no signs of recovery at an index value of 45.7. Given the bleak present, it is surprising how optimistic Italian manufacturers are about the future. “The brief uptick seen in the spring has

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Italy June manufacturing PMI 45.7 vs 44.4 expected ...Middle East

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