Italy's September composite PMI falls to 51 from 53.6
In short
Italy's September composite PMI was 51, down from 53.6 in August, according to three Chinese financial outlets. 36Kr and Jiemian said the reading also came in below a forecast of 53.3.
Read the full story 1 min read
Italy's September composite PMI was 51, down from 53.6 in August, according to Chinese financial outlets CLS, 36Kr and Jiemian. 36Kr and Jiemian said the reading also came in below a forecast of 53.3. [ 1 , 2 , 3 ]
The reports consisted of the headline figure and its comparison with the previous month. None of the documents gave a breakdown by sector, an explanation for the change, or a reaction from Italian authorities or the index compiler. [ 1 , 2 , 3 ]
Why it matters
The data point shows the pace of activity in Italy's private sector slowing from August and undershooting expectations, a signal of softer momentum in one of the euro area's larger economies. The documents give no breakdown of which sectors drove the change and no official reaction.
Key facts
Confirmed by several sources
Still unclear
- Why the composite PMI declined from August. None of the documents gives a reason for the fall; they carry only the headline figure and comparisons.
- Whether manufacturing and services moved differently in September. Only the composite number is reported; no sector breakdown appears in the documents.
- Whether the figure is preliminary or final, and when it was released by the compiler. The documents state the number and comparisons but not the status or release time of the index.