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Italy: Cost pressures pushed higher as supply chain disruption worsens in April
April PMI® data signalled sustained growth in output across the Italian goods-producing sector, despite signs of subdued demand. In fact, the rise in production was the strongest in just over three years. War in the Middle East remained the key driver behind another deterioration in supply chain performance and elevated cost pressures, both the most pronounced in almost four years. Meanwhile, concerns over stock availability led firms to increase their buying levels at the sharpest rate since April 2022. The S&P Global Italy Manufacturing PMI (Purchasing Managers’ IndexTM), a composite single-figure indicator of ... (full story)
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