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Italy posted a trade surplus of €4.232 billion in June, down from €4.946 billion in May but well above the consensus estimate of €3.2 billion. The narrowing reflects a shift in the balance between export revenues and import costs during the month. Italy's trade balance is closely watched given the country's reliance on energy imports and manufacturing exports.
Aug 11, 17:51 UTCAlternativeMarkets.AI Newsroom · Dati: Financial Modeling Prep
Italian industrial production fell 1.0% month-on-month in June, worse than both the consensus expectation of a 0.5% gain and the 0.3% decline recorded in May. The result points to deepening weakness in Italy's manufacturing base at the start of the summer. Industrial output is a broad measure of factory, mining, and utility activity, and Italy is one of the eurozone's largest manufacturing economies.
Aug 06, 17:51 UTCAlternativeMarkets.AI Newsroom · Dati: Financial Modeling Prep
Italy's S&P Global Manufacturing PMI fell to 51.3 in July, below the consensus estimate of 52.7 and down from 52.2 in June. The reading keeps Italian factory activity in expansion territory but indicates the pace of growth is losing momentum. Italy is one of the eurozone's largest industrial economies, and its PMI readings feed into broader assessments of European manufacturing health.
Aug 03, 17:51 UTCAlternativeMarkets.AI Newsroom · Dati: Financial Modeling Prep