RIGHT IN LINE: Italy's PMI Slips To 44.6, Orders Drop Sharply

mario balotelli rips off shirt at euros

Photo: ESPN

Italy’s June manufacturing PMI came in at 44.6, which was exactly what economists were expecting.This is down marginally from¬†44.8 in May.

Key Points:

  • Production down at faster rate as new orders drop sharply
  • New exports orders fall, though domestic market remains key area of weakness
  • Input prices decrease at fastest rate since July 2009
italy pmi

Photo: Markit


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