Czech manufacturing decline deepens in June, PMI shows
ROME, July 1 (Reuters) -Italian manufacturing activity contracted for a third month running in June and at roughly the same pace as the month before, a survey showed on Monday, hit by poor performances for output and new orders.
The HCOB Global Purchasing Managers' Index (PMI) for manufacturing in the euro zone's third largest economy edged up marginally to 45.7 from 45.6 in May, remaining far below the 50 mark that separates growth from contraction.
The result was nonetheless above a median forecast of 44.4 in a Reuters survey of eight analysts.
"Italian industry remains in solid decline ... the brief uptick seen in the spring has quickly fizzled out," said HCOB economist Tariq Kamal Chaudhry.
The index has been in contraction territory for 14 of the last 15 months.
The manufacturing output and new orders sub-indexes both came in far below the key 50 line in June, with the former dropping to 44.6 from 46.8 the month before, and the latter broadly stable at 42.4 compared to a previous 42.3.
The employment indicator climbed to 49.5 from 48.7 in May.
Italian economic growth weakened in the second quarter, the country's budget watchdog said last month, after gross domestic product expanded by 0.3% between January and March.
Most analysts forecast modest full year growth of between 0.7% and 1%, broadly in line with last year's 0.9% rate.
Reporting by Angelo Amante; editing by Gavin Jones and Christina Fincher
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