A post by @FirstSquawk on X.
ITALY'S COMPOSITE PMI FOR OCTOBER DROPS TO 50.8, AS EXPECTED.
@FirstSquawk on X
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Italy’s October composite PMI fell to 50.8, matching expectations, according to First Squawk. The reading keeps Italy’s private-sector activity just above the 50 no-change threshold, signaling slower expansion at the start of the fourth quarter. The print matters because it reinforces the case for subdued euro-area growth momentum and softer demand conditions in one of the bloc’s largest economies. Traders will watch upcoming euro-area PMIs and ECB commentary for confirmation that the slowdown is broadening.
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Italy