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Italy: Renewed growth in new orders supports stronger increase in manufacturing output
Italian manufacturers signalled a boost in demand linked to safety stockpiling, latest PMI® data by S&P Global showed. Renewed growth in new orders fuelled a faster expansion in manufacturing output and the level of confidence nearly returned to its historical norm. However, qualitative evidence showed that concerns around the Middle East war remained. Further disruption to supply chains encouraged both customers and manufacturers alike to attempt building safety stocks by raising purchasing. Cost pressures also intensified further. The S&P Global Italy Manufacturing PMI® (Purchasing Managers’ IndexTM), a ... (full story)
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