Italy: PMI moderates in June
July 1, 2015
The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) moderated from 54.8 in May to 54.1 in June. Despite June’s slight deterioration, the index remains comfortably entrenched above the 50-threshold that separates expansion from contraction in the manufacturing sector.
June’s result reflected slower growth rates in output and new orders. Markit/ADACI commented, that, “output and new orders both rose robustly in June, albeit at slower rates than the recent peaks reached in May. Furthermore, job creation was maintained at a strong pace.”
Author: Eric Denis , Economist