Italian manufacturing economy remains just in contraction territory in July

From pmi.spglobal.com

Although subdued demand conditions remained a key challenge for Italian manufacturers, there were signs that the downturn had subsided at the start of the third quarter. New orders declined at a marginal rate, while output fell to a softer degree compared to the month prior. The decline in purchasing quantities was less marked in July, as firms looked to build stocks amid supply chain issues. That said, the accumulation in inventories was also partly linked to reduced output as a result of subdued demand. Finally, both input and output prices rose in July for the first time in three months. The HCOB Italy ... (full story)