WEAK: ITALIAN PMI FALLS TO 45.1

UPDATE:

Kind of disappointing.

Italian PMI has fallen to 45.1 from 45.3 last month. That is below expectations of 46.

Anything below 50 is deterioration.

According to the report, which is here, companies shed workers, saw lower backlogs, and saw a decline in new orders.

image

———–

 

EARLIER: The next big PMI report: Italian PMI.

The number is due out at 3:45 AM ET.

Already in Europe we got Irish and Spanish PMIs, which both came out better than expected.

The full PMI run down is here.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.