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Italy PMI Manufacturing 46.8 (consensus 45.7) in Sep-23

- Italy's PMI Manufacturing for September 2023 showed a modest improvement, with a reading of 46.8 indicating a slower contraction compared to the previous month.
- The September reading is the highest since March 2023, signaling a gradual recovery in Italy's manufacturing sector.

Italy Unemployment Rate 7.3% (consensus 7.7%) in Aug-23

- Italy's unemployment rate decreased to 7.3% in August 2023, showing a slight improvement from the previous rate of 7.5% and contrary to expectations of a rise to 7.7%.
- The current rate is 0.45 percentage points below average, suggesting a relatively positive performance in the labor market.

Italy HICP inflation 5.71% y-o-y in Sep-23

- Italy's HICP inflation experienced a substantial increase of 5.71% in September 2023, marking the highest growth since July 2023 and reflecting a slight acceleration from the previous month's rate of 5.54%.
- The current inflation rate surpasses both the one-year average by 3.20 percentage points and the long-run average by 3.05 percentage points, indicating a noteworthy deviation from the norm and highlighting the need for careful examination of the underlying economic factors.

Italy unemployment rate 7.61% (consensus 7.4) in Jul-23

- Italy's unemployment rate reached 7.61% in July 2023, surpassing market expectations and marking the highest level since May 2023.
- The current unemployment rate is 0.21 percentage points higher than the one-year average and 1.84 percentage points below the long-run average, suggesting ongoing labor market difficulties in Italy.