Markit Economics announced that in Italy the PMI Manufacturing Index dropped to 51,9 points in July from 52,6 points in June. The result is also lower than the forecasts of insiders who expected an index of 52,6 points. However, the index stood above the value of 50,0 points, the threshold that separates growth from contraction, nonetheless indicating growth in manufacturing production, albeit at a slower rate.
Italy, manufacturing PMI index at 8-month low
This was announced by Markit Economics: the result is also lower than the forecasts of insiders who expected an index of 52,6 points.
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