Italian HCOB Manufacturing PMI (Jan) 48.1 vs. Exp. 48.1 (Prev. 47.9)
Importance
Level 1
- "Input prices rose at the fastest pace in more than three years, driven by broad-based increases across key raw materials including metals and wood. This pick-up in cost inflation fed through to selling prices, which climbed for the second time in three months."
- "Firms scaled back their purchasing activity at a faster pace, contributing to slimmer input inventories. At the same time, there were signs of stabilisation in supply chains, with delivery times shortening for the first time since mid-2025."
- "Employment provided a rare bright spot, rising for the first time in four months as firms hired mainly permanent staff, reflecting firmer expectations for the year ahead."
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