The PMI manufacturing indexItaly back to red. In August, the figure dropped to 49,8 points from 51,9 in July, returning below the 50-point threshold, which marks the boundary between expansion and contraction. Furthermore, the survey is lower than the estimates of analysts, which indicated a value of 51.
Sharp decline also for the manufacturing PMI of theEurozone as a whole, which last month stopped at 50,7 points (the lowest level for 13 months), against 51,8 points in July. In this case, however, the figure is in line with market estimates (50,8 points).
As for the first two economies of the euro area, in the same period in Germany the PMI showed a decline from 52,4 to 51,4 points, while the France recorded a drop from 47,8 to 46,5.
