Italy November manufacturing PMI 48.6 vs 48.9 expected

Latest data released by Markit/ADACI - 3 December 2018

Manufacturing contracts for a second straight month as the print falls to its lowest since December 2014. This shows that there is some persistent weakness that is plaguing the Italian economy and this won't bode well for Q4 data as well. The release here pretty much cancels out the more upbeat reading in Spain earlier.

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