An online news publishing system that features easy installation, user submission, and an admin panel for adding, editing, and removing categories and news.
» Home » Business
Saturday, September 23, 2017

Italy's December manufacturing PMI rises to six-month high

Jan 2 Italian manufacturing activity grew in December at its fastest rate since June, a survey showed on Monday, signaling an acceleration in economic growth at the end of the year.
star star star star star Rated 0 out of 5 stars based on 0 votes

Jan 2 Italian manufacturing activity grew in December at its fastest rate since June, a survey showed on Monday, signaling an acceleration in economic growth at the end of the year.

The Markit/ADACI Purchasing Managers Index (PMI) rose to 53.2 in December from 52.2 in November, above the 50 mark that separates growth from contraction.

The PMI also showed that manufacturing orders and output both increased to their highest levels since June. The sub-index for new orders rose to 54.7 from 53.2 in November, driven by orders from abroad.

The positive PMI is welcome news for Prime Minister Paolo Gentiloni, who took over leadership of the euro zone's most chronically sluggish economy in December.

The government forecasts 0.8 percent growth last year, less than half of what is forecast for the German economy. But growth rebounded in the third quarter, rising 0.3 percent from the previous three months, compared with a 0.1 percent increase in

the second quarter.

Detailed PMI data are only available under license from Markit and customers need to apply to Markit for a license.

Reviews
Not yet reviewed by any member. You can be the first one to write a review
Share
About Author
Member since: Tue, Aug 9, 2011
Last time online: Mon, Dec 5, 2016
This member has not entered any personal details to his profile
Trending Stories