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Italy HCOB Manufacturing PMI climbed to 50.6 in February 2026, released March 2026, up 2.5 from January's 48.1 reading. The reading matched the 49 consensus. HCOB Manufacturing PMI has now risen for 3 consecutive months. Over the past 3 months, HCOB Manufacturing PMI averaged 48, vs 49.83 in the prior 3-month window. HCOB Manufacturing PMI is now the highest in 34 months.
The March 2026 reading rose from the previous value of 48.1. Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC) and positively correlated with XAU/USD (Bullish XAU).
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| Friday, May 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | Harmonised Inflation Rate YoY | 1.6 | 2.9 | 2.90 | Low | ||
| 08:00 | Inflation Rate YoY | 1.7 | 2.8 | 2.80 | Low | ||
| 08:00 | Inflation Rate MoM | 0.5 | 1.2 | 1.20 | Low | ||
| 08:00 | Harmonised Inflation Rate MoM | 1.7 | 1.7 | 1.70 | Low | ||