empty
 
 

2017.11.0206:32:00UTC+00Italy Manufacturing Growth At 6-1/2 High

Italy's factory activity expanded at the fastest pace in six-and-a-half years in October, driven by solid rises output and new orders, data from IHS Markit showed Thursday.

The Purchasing Managers' Index, or PMI, climbed to 57.8 in October from 56.3 in September. Any reading above 50 indicates expansion in the sector.

Moreover, the index remained above 50.0 no-change mark for the fourteenth successive month.

Both output and new orders rise at quickest rates since 2011. Strong demand was the primary factor supporting new business growth.

Consequently, firms raised their workforce numbers for the thirty-fourth consecutive month. Moreover, the latest increase was the strongest recorded in over 20 years of data collection.

On the price front, input price inflation accelerated to a seven-month high in October. As a result, output charges rose at the fastest rate in six-and-a-half years.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback