Italian S&P Manufacturing PMI (Mar) 51.3 vs. Exp. 50.8 (Prev. 50.6)
Importance
Level 1
- "Prices data showed a steep intensification of cost pressures, as firms widely reported paying more for raw materials, transportation and energy. The rate of cost inflation shot up to its highest level in three-and-a-half years, triggering a sharp increase in average charges."
- "In anticipation of further supply chain disruption and price increases, manufacturers purchased additional inputs for the first time in well over three years."
- "Production volumes and order books increased for a second month in a row, albeit at softer and only marginal rates. Positively, firms also continued to add new staff."
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