By
Reuters Published January 3, 2025 Download
Print
Text size

Italy's manufacturing stuck in downturn in December, PMI shows

By
Reuters Published
January 3, 2025

Italian manufacturing activity contracted for a ninth month running in December albeit at a slower pace than the month before, a survey showed on Thursday, amid persisting declines in output and new orders.

The HCOB Global Purchasing Managers' Index (PMI) for manufacturing climbed to 46.2 from November's 12-month low of 44.5, remaining well below the 50 mark that separates growth from contraction.

Nevertheless, it was above a median forecast of 44.9 in a Reuters survey of nine analysts.