Italy Manufacturing at Eight-Month Low as Growth Momentum Ebbs
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Italian manufacturing grew at the slowest pace in eight months in July, evidence that the euro region’s third-biggest economy is struggling to build momentum.
A Purchasing Managers’ Index fell to 51.9, the lowest since November, from 52.6 the previous month. While the result signaled a 13th month of expansion, it was below the median forecast of 52.5 in a Bloomberg News survey of 12 economists. For the euro region as a whole, Markit’s gauge was at 51.8, compared with a prior estimate of 51.9.