Italy June manufacturing PMI 48.4 vs 49.5 expected
Key findings: Renewed drop in production amid further fall in new orders Inflationary pressures dissipate Job shedding continues as business confidence wanes Comment: Commenting on the PMI data, Nils Müller, Junior Economist at Hamburg Commercial Bank, said: “Italy’s manufacturing sector lost ground in June, with the headline PMI falling to 48.4, marking the sharpest deterioration














