Italian S&P Global Manufacturing PMI (Oct) 49.4 vs. Exp. 50.2 (Prev. 50.4)
ORIGINAL · NewsquawkItalian S&P Global Manufacturing PMI (Oct) 49.4 vs. Exp. 50.2 (Prev. 50.4)Read originalHide original
"There was evidence to suggest that domestic demand faltered again, with export sales almost holding up. However, to put it into recent context, October's decline in new orders was broadly in line with the average seen over the past two years". "While the general mood among manufacturers is positive, with business sentiment hovering just above its historical average, confidence dipped over the month, and firms opted to cut jobs for just the second time this year so far".
October’s Italian manufacturing PMI missed expectations and the previous reading; the source reported weak domestic demand, nearly steady export sales, dipped confidence, and job cuts.
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"There was evidence to suggest that domestic demand faltered again, with export sales almost holding up. However, to put it into recent context, October's decline in new orders was broadly in line with the average seen over the past two years". "While the general mood among manufacturers is positive, with business sentiment hovering just above its historical average, confidence dipped over the month, and firms opted to cut jobs for just the second time this year so far".
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