The HCOB Italy Manufacturing
Purchasing Managers' Index fell to 44.5 in November, down from
46.9 in October, taking it to the lowest level in a year.
The main drag on the PMI came from the largest component, new
orders.
Order backlog volumes have declined at the fastest pace for
almost a year, linked to subdued demand conditions and high
levels of uncertainty.
There has also been a deterioration in the international sales
climate, as new export orders have decreased at a high pace.
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