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Italy PMI rises to four-month high as output and new work fall at slower rates
Italy’s manufacturing sector remained in contraction mode at the midway point of the second quarter, although rates of decline in output, new orders and employment all slowed. Further positive developments for businesses were an accelerated rise in new export orders and another marked decrease in average input costs. Factory gate prices meanwhile fell for a fourth successive month amid sustained competitive pressures. May saw the seasonally adjusted Markit/ADACI Purchasing Managers’ Index ® ( PMI ® ) climb to a four-month high of 47.3, from April’s mark of 45.5. This latest reading was consistent with a ... (full story)
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