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Italy PMI January 2023

Italy: Manufacturing PMI rises in January

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 50.4 in January from December’s 48.5. Consequently, the index moved above the 50.0 no-change threshold, signaling an improvement in business conditions in the private sector compared to the previous month.

Januarys result was driven by a moderate rise in output and a softer contraction in new orders. Moreover, business confidence improved considerably amid hopes of economic recovery and a more stable business environment. On the price front, the pace of input cost inflation slowed to the lowest level since August 2020. As a consequence, firms raised their prices at the most moderate pace in two years.

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