Italy Economy Real Time Data Charts

Edward Hugh is only able to update this blog from time to time, but he does run a lively Twitter account with plenty of Italy related comment. He also maintains a collection of constantly updated Italy economy charts together with short text updates on a Storify dedicated page Italy - Lost in Stagnation?

Thursday, December 06, 2007

Italy Services and Manufacturing PMI November 2007

Just to keep our data up to date here are the latest NTC Economics/Bloomberg PMIs for Italy. The Italian services sector purchasing managers' index fell to a seasonally adjusted 50.8 in November from 55.3 in October. A reading on these indexes above 50 indicates that the sector is generally expanding, while a reading below 50 suggests that it is generally contracting. So Italian services are still ekeing out a small expansion, but they are creaking.

Meanwhile the Italian manufacturing sector purchasing managers' index remained at a seasonally adjusted 51.3 in November the same level as registered in October. So in both cases, the expansion continues, but only just, which is the same thing as saying that- since the negative exports balance is now a net drain on GDP growth, and government spending should be under a tight rein to bring down the debt - the the Italian economy may now be near to a contraction phase.

No comments: