Biggest Italian Factory Slump Since 2014 Hits Euro Economy

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IHS Markit’s factory index for the country dropped below the key 50 mark, meaning a contraction — the first since August 2016. Output shrank for a third month and new orders fell as optimism took a knock from slower global demand and “worries over political stability.” The euro-area manufacturing PMI slid to 52.0, below the initial estimate of 52.1 and the weakest reading in more than two years…
Read more : Bloomberg, 02.11.2018