Italy's PMI hits 3-month low

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Source: RTTNews
Italy's seasonally adjusted Purchasing Managers' Index slipped to the lowest level in three month of 44.3 in July, from 44.6 in June, reported by Markit on Wednesday. The survey posted that producers reduced employee number at the quickest pace since October 2009, while output tumbled rapidly in July. Both output and input prices fell in July.
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Wed, 01 Aug 2012 11:58:53 GMT

U.K.'s manufacturing contracts at a record fast rate

U.K.'s PMI unexpectedly fell to 45.4 in July from 48.4 in June. It was the weakest rate since May 2009, falling below most pessimistic forecasts. The survey posted that export orders tumbled at the fastest rate since February 2009, while the output index slipped to 43.3 from 51.9. The ongoing slowdown in production boosts weight on the government to find

Wed, 01 Aug 2012 11:36:52 GMT

U.K. retail price inflation eases to 1%

U.K. retail prices advanced 1% from the previous year, after 1.1% rise in June, as reported on Wednesday in London. U.K. retail prices showed the smallest increase since November 2009 as stores decrease prices for groceries and food in July. Food-prices inflation eased to 3.1% from 3.5%, meanwhile non-food prices tumbled an annual 0.3%.

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