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2025-11-03 16:47:08
[Italy's Manufacturing Sector Contraction Narrows Significantly] ⑴ Italy's October manufacturing PMI rose to 49.9, a significant improvement from September's 49.0, approaching the 50-point threshold separating expansion from contraction, indicating a substantial narrowing of the contraction. ⑵ The output sub-index rose to 50.6, returning to expansion territory; the new orders index rose to 49.7, still in contraction but showing significant improvement. ⑶ The employment sub-index fell to 49.8, dropping back into contraction territory from the previous value of 50.5. ⑷ Economists point out that the data suggests Italian manufacturing may be approaching a turning point. ⑸ As the Eurozone's third-largest economy, Italy experienced zero growth in the third quarter, and the government has slightly revised its 2025 full-year GDP growth forecast from 0.6% to 0.5%.
