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Manufacturing Italy returns to growth, PMI index at 50.4


The Italian manufacturing sector is expanding again in January. (HANDLE)

(ANSA) - MILAN, FEBRUARY 01 - The Italian manufacturing sector is expanding again in January.

After six consecutive months of results below 50, the level below which economic activity contracts, the S&P Global PMI rose to 50.4 in January, from 48.5 in December, marking the best figure since June 2022. For S&P Global are seeing "signs of stabilization": "production has returned to growing slightly, orders have fallen to a much lower level and the level of employment has increased once again.

   Forecasts for future activity have increased significantly since the end of 2022, while the cost inflation has plunged to its lowest level in nearly two and a half years."


Source: ansa

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