2026-01-02 08:49:32

Italy's December Manufacturing Purchasing Managers' Index (PMI) was released at 47.9, not only below the market expectation of 50.1 but also weaker than the previous month's 50.6. This marks the second consecutive month of slowdown in Italy's manufacturing activity, falling below the expansion threshold of 50.

From the data, the index dropped from 50.6 to 47.9, a decline of nearly 3 percentage points, reflecting a significant deterioration in the manufacturing sector of Europe's fourth-largest economy. The dual negative divergence between expectations and actual figures indicates that the economic recovery momentum is facing resistance. This data further confirms the structural pressures faced by the Eurozone manufacturing sector—issues such as insufficient orders, rising costs, and weak demand remain unresolved.

For the global macro environment, weak European economic data often dampens risk asset sentiment. As highly sensitive risk assets, cryptocurrencies tend to follow macro expectations closely. Investors should pay attention to the potential impact of Europe's economic outlook on overall market liquidity and risk appetite.

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HalfPositionRunner

· 9h ago

Italy is done, Europe's economy is really going to collapse --- Another bearish signal, can BTC still hold up? --- PMI below 50 means disaster, old Europe is definitely heading into recession --- Insufficient orders and high costs, this structural problem can't be solved at all --- If Europe collapses, I guess my coins won't escape either --- This 47.9 number makes my scalp tingle, a carrier-grade bearish signal is coming --- Risk assets are going to suffer, I think I'll reduce to half and run --- Two consecutive months of slowdown, is this the rhythm of a systemic collapse? --- Europe's manufacturing is so weak, no wonder the crypto market is falling every day --- Wait, does this mean liquidity is going to tighten?

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FloorSweeper

· 9h ago

Italy is struggling again, is the European economy about to collapse? --- Wait, does this mean the crypto market is going to follow and get sacrificed again? --- 47.9? Damn, it just broke through the 50 line. --- It was obvious this thing was going to crash, orders are gone, and costs are still high. --- When macro risks turn bad, all risk assets die. Let's just wait to be cut. --- Does Europe's failure really affect us? Is it true? --- It's just the prelude to liquidity tightening again, the old routine. --- Why does the crypto market always drop whenever Europe has problems? Is the connection really that deep? --- PMI, to put it simply, is just a signal. Right now, it's a red light.

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Degen4Breakfast

· 9h ago

Italy is like this now; can the European economy still be saved?

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quietly_staking

· 9h ago

Italy PMI underperforming again, is Europe collectively taking a break? --- Once again, expectations fall short; this routine is getting old --- Insufficient orders and high costs, who can bear this? --- Risk assets are about to suffer, it depends on how our crypto circle handles it --- European manufacturing is cooling down, can emerging markets turn around? --- 47.9 directly breaks the threshold, liquidity will be tight --- High costs and weak demand, this is just ridiculous --- Below the boom-bust line is becoming the norm, when will the bottom finally come? --- Europe's economy is struggling, global risk appetite has instantly reversed --- Once again, it all depends on the Fed's stance

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