Photo: Daniel Goodman / Business Insider
Hard to see Italy making much progress on its growth and debt fronts with numbers like these.From Markit, the Italian PMI: “Dreadful Man #PMI reading for Italy. Drops 5 pts to 43.3 (Sep: 48.3). Lowest level since June 09. Both output and order books sharply down.”
Some other numbers that are out today:
- Spain: 43.9 vs. 43.7 the month before. Pretty ugly still.
- France 48.5 vs. 49.0 estimates.
- Germany: 49.1 vs. 48.0 estimates. That’s a beat, but the sub-50 number still means sequential weakness
Basically it’s all pretty ugly.
Meanwhile, from Markit, this chart of Italian PMI vs. industrial production.