Italian manufacturing PMI rises to 30-month high of 51.4 in November
Investing.com
Published Dec 02, 2013 03:50AM ET
In a report, market research group Markit said that its Italian manufacturing purchasing managers’ index rose to a seasonally adjusted 51.4 in November from a reading of 50.7 in October.
Analysts had expected the index to rise to 50.9 in November.
A reading above 50.0 on the index indicates industry expansion, below indicates contraction.
Following the release of the data, the euro was modestly higher against the U.S. dollar, with EUR/USD easing up 0.01% to trade at 1.3593.
Meanwhile, European stock markets were lower after the open. Italy FTSE MIB 40 tumbled 1%, the EURO STOXX 50 fell 0.4%, France’s CAC 40 declined 0.45%, London’s FTSE 100 slumped 0.45%, while Germany's DAX inched down 0.45%.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.