Tag Archives: Italian PMIs

Declining manufacturing and services PMIs suggest negative GDP prospects.In addition to ongoing discussions around the 2019 Italian budget, GDP growth is one of the key variables to watch given its importance to debt dynamics. Recent surveys point to quite worrying signals. The Italian manufacturing PMI slipped to 50.1 in August from 51.5 in July, posting its second consecutive fall. The main driver of this decrease was new orders (-1.4 points to 48.7) and output (-0.9 points to 49.4). Both...

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