Italy February manufacturing PMI 47.7 vs 47.2 expected

Latest data released by Markit/ADACI - 1 March 2019

The print is slightly better than expected but is still a decline compared to January. The reading here is the lowest recorded since May 2013 with the orders index slipping from 46.5 in January to 46.1 in February. Not much of a surprise here as it continues to highlight the struggles faced by the Italian economy to start the year.

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