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Investing.com -- Italy’s manufacturing sector showed signs of easing contraction in April, according to a survey released on Friday.
The HCOB Purchasing Managers’ Index (PMI) for manufacturing climbed to 49.3 in April, up from 46.6 in March.
This marks the 13th consecutive month where the index has remained below the 50.0 threshold, which distinguishes growth from contraction.
Despite this, the April figure exceeded expectations.
Analysts had predicted a reading of 47.0 for April. The actual figure of 49.3, therefore, represents a positive deviation from the anticipated reading.
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