Manufacturing in Italy is declining second month in a row adding negative economic news for the country that cannot come to an agreement with EU in regards to budget, Bloomberg reports.

Monthly IHS Markit’s report informed that index of factories’ activity fell from 49,2 in October to 48,6 in November. This is lower than economists projected. It is also the lowest level in four years.

New orders also declined, while level of confidence for the next 12 months fell to the lowest since the beginning of 2013. One positive moment is increase in payrolls, which is however clouded due to concerns about political stability and slower economic development.