Italy October manufacturing PMI 46.9 vs 48.6 expected ...Middle East

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Italy October manufacturing PMI 46.9 vs 48.6 expected
source : forex live ( Middle East ) () 44
Manufacturing PMI 46.9 vs. 48.6 expected and 48.3 prior.Key findings:Sharper decline in new orders signalled amid subdued export sales. Stocks of purchases depleted at one of the sharpest rates on record. Input and output prices fall.Comment:Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “Italy's manufacturing sector continues its downward trend. The HCOB PMI registered another decline, reaching 46.9 points – the lowest level since June – indicating accelerating downward momentum. This weakness is not only reflective of an ongoing drop in production but also of a deteriorating order situation. The plunge in foreign orders is particularly strik

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