Italy Manufacturing PMI Rises In September

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Italian manufacturing activity deteriorated at its weakest pace since May 2008, a report from ADACI and Markit Economics said on Thursday.

The Markit/ ADACI purchasing managers index or PMI rose to 47.6 in September from 44.2 in August.

A reading above 50 indicates expansion, while a reading below 50 signals a contraction.

Manufacturing output decreased for the eighteenth straight month, hitting its slowest rate since May 2008. Similarly, new orders continued to decline in September.

Andrew Self, economist at Markit said, "After last month's slight deviation, the Italian manufacturing economy rejoined the path towards stabilization during September."

Italian manufacturing activity deteriorated at its weakest pace since May 2008, a report from ADACI and Markit Economics said on Thursday. (Market News Provided by RTTNews)