Forex News

The growth in manufacturing in Italy improved in June

Italy's manufacturing output improved in June, helped by higher production growth rates and new orders, the IHS Markit survey showed.

The PMI, or PMI, rose to 53.3 in June from 52.7 in May. However, any indication above 50 indicates an expansion in the sector.

The output increased at a rate that generally matched the survey trend, while the new business increased most since March.

Employment also increased at a noticeable rate, and this meant that firms could comfortably withstand the workload.

Business confidence deteriorated to the lowest level in the last five years, despite the fact that it remained in positive territory.

Inflation of prices for inputs accelerated Subscribe to 4-month high in June on the back of higher commodity prices, especially for steel. [19659002] Meanwhile, inflation of output prices fell to the lowest level since September 2017. [19659008]