Italy January manufacturing PMI 47.8 vs 48.8 expected

Latest data released by Markit/ADACI - 1 February 2019

Italy PMI

That's the weakest print posted by Italy in terms of factory activity since May 2013. The big slump comes from the orders index as it fell from 47.8 in December to 46.5 in January. Once again, it just highlights that the country's economy is not yet on the road to recovery following recession-like growth to end last year.

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