Italy Manufacturing Growth At 8-Month Low

Italy Manufacturing Growth At 8-Month Low

The dip in the headline index was driven by weaker increases in output across both the manufacturing and service sectors during March.

Lacklustre orders, slower hiring hurt manufacturing.

"Indeed, amid a slower expected pace of recovery in consumer spending, IHS Markit marginally downgraded its real GDP forecast to 7.3 per cent for fiscal year 2017-2018", Dodhia said.

While there is an increase in new export orders during the said month, Dodhia said, "On a negative note, further advances in trade disputes could potentially weigh on sales to global clients".

Trump tweets "DACA is dead" after spending Easter slamming Mexico, Democrats
Several Democrats challenged the idea that they were at fault for a breakdown in negotiations. "You were never doing a DACA deal". But on the first day of April, the president was singing what sounded like a different tune - and it wasn't an April Fools' joke.

There was further good news in that purchasing levels increased slightly, sustained by the respite of pressure from cost increases which were the lowest since June 2016 and where the worst impact of the weak pound on prices may have dissipated.

This suggested factory output rose at a quarterly rate of about 0.4pc to 0.5pc, slowing from 1.3pc in the fourth quarter of 2017, IHS Markit said. Manufacturers raised their selling prices but the rate of charge inflation eased for the second month to the weakest in six months.

Despite the weather, we can't avoid the fact that the trend for the sector is worrying; construction companies indicated a decline in new business volumes during March, which continued the downward trend seen so far in 2018.

But January's reading was also revised lower and for the first quarter as a whole, the PMI was its lowest in a year, though above its average since Britain exited recession in the third quarter of 2009 following the financial crisis. At the composite level, business confidence edged up fractionally to the highest for nine months.

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