Italy's Manufacturing Sector Continues to Contract
Friday, 1 March 2024, 08:45
Italy Manufacturing PMI Update
Italy's manufacturing PMI for February was disappointing, falling short of expectations at 48.7 compared to the forecast of 49.1.
Challenges Persist
- Output and new orders declined for the eleventh straight month.
- The industry shows signs of weakness with shortened delivery times and decreasing backlogs of work.
Economic Outlook
- Optimism mixed with caution as companies expect a recovery but are facing declining orders.
- Improvements in the employment index are noted but the overall industry remains in a rut.
The Italian manufacturing sector faces ongoing challenges and uncertainties despite some positive indicators.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.