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<Econ> Italy Mar S&P Global Composite PMI Falls to 49.2
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S&P Global released its Purchasing Managers' Index (PMI) survey showing that Italy's economy contracted for the first time since the beginning of 2025. Italy's Composite PMI Output Index fell from 52.1 in February to 49.2 in March, entering contraction territory. This marked the largest decline in more than a year, mainly due to a renewed drop in services activity and a slowdown in manufacturing output growth. The Services PMI Business Activity Index recorded 48.8 in March, falling below the key 50 threshold and ending a 15-month expansion streak. Down from 52.3 in February, the latest reading indicated a slight decline in output and represented only the second contraction since the end of 2023. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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