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Italian HCOB Construction PMI (Jan) 47.7 (Prev. 47.9)

Newsquawk Staff ·

Italian HCOB Construction PMI (Jan) 47.7 (Prev. 47.9)

What it means

The Italian HCOB Construction PMI for January printed at 47.7, down from the previous 47.9, indicating a slight contraction in the construction sector. This decline suggests ongoing challenges in the industry, which may influence the overall economic outlook for Italy and has implications for future monetary policy within the Eurozone.

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