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ITALY DATA: Manufacturing PMI Signals Weak Start For Industry In Q4

ITALY DATA

The Italian manufacturing PMI reached its weakest since June at 46.9 in October, below the 48.5 consensus and last month’s 48.3. This signals a weak start to Q4 industrial activity, after the sector dragged on growth in the third quarter. It also underscores Spain as the only major driver of economic growth across the Eurozone.

Key notes from the release:

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The Italian manufacturing PMI reached its weakest since June at 46.9 in October, below the 48.5 consensus and last month’s 48.3. This signals a weak start to Q4 industrial activity, after the sector dragged on growth in the third quarter. It also underscores Spain as the only major driver of economic growth across the Eurozone.

Key notes from the release:

Keep reading...Show less