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Italian manufacturing output dips back into decline in June
June data signalled a further decline in the health of the Italian manufacturing sector, as new orders continued to fall spurring a renewed decrease in output levels. The contraction in production was solid overall, as weak domestic and foreign client demand weighed on total new sales. Subsequently, firms reduced purchasing and employment, with pre-production inventories also lowered. Global economic uncertainty dampened the outlook as companies were historically subdued in their output expectations for the year ahead. Inflationary pressures, meanwhile, ebbed. Input costs and output charges both fell in June, as ... (full story)
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