Italy PMI


Italy: Manufacturing PMI falls further in June

July 1, 2014

The Markit manufacturing Purchasing Managers’ Index (PMI) inched down from 53.20 in May to 52.60 in June. The figure undershot market expectations of the index remaining stable at 53.20. PMI has been above the 50-threshold for 12 consecutive months, which indicates expansion in the manufacturing sector.

According to Markit, the figure came on the back of slower growth in output. However, “output growth […] was nevertheless solid and led businesses to raise employment again, with the current run of jobs growth in the sector the longest since 2007.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 0.3% in 2014, which is down 0.7 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 2.0%.

Author:, Senior Economist

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Italy PMI Chart

Italy PMI June 2014 0

Note: Markit Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 point to a contraction.
Source: Markit.

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