Italian S&P Global Manufacturing PMI (Apr) 52.1 vs. Exp. 51.6 (Prev. 51.3)
The Italian S&P Global Manufacturing PMI for April came in at 52.1, exceeding expectations of 51.6 and up from the previous 51.3.
French S&P Global Manufacturing PMI Final (Apr) 52.8 vs. Exp. 52.8 (Prev. 50.0)
EU Commission President von der Leyen says the Canada-EU partnership is strengthening
Italian S&P Global Manufacturing PMI (Apr) 52.1 vs. Exp. 51.6 (Prev. 51.3)
Swiss procure.ch Manufacturing PMI (Apr) 54.5 vs. Exp. 53.5 (Prev. 53.3)
Iran’s Foreign Ministry Spokesperson Baghaei says that the US has a hard time quitting its maximalist demands
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- "Despite contending with adverse supply chain conditions and elevated price pressures caused by war in the Middle East, Italian manufacturers pressed on with production and hiring."
- "Latest data revealed some softness in demand, however, which can be attributed to the domestic market given that growth in export sales was sustained."
- "Longer lead times and the expectation of further cost rises encouraged firms' to increase their purchasing activity, but this was not sufficient to build stocks."
- "While stronger cost pressures were felt by the majority of firms, they showed a greater degree of constraint in their own price setting - a sign that margins will be squeezed."
This suggests resilient production and hiring despite ongoing supply chain challenges and heightened price pressures; however, softness in domestic demand indicates potential vulnerabilities that could impact future growth. Market participants should closely watch for implications on monetary policy and overall economic health in the Eurozone, especially given the mixed signals on pricing power among manufacturers.
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