Italy: PMI hits one-year high in April
May 4, 2015
The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) increased from 53.3 in March to 53.8 in April, which marked the highest reading in a year. As a result of April’s improvement, the index is now even further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
April’s result reflected an improvement in output, new orders and in employment. Markit/ADACI commented, that, “[g]oods producers took on staff at the fastest rate for more than four years and also raised their stocks of inputs amid increased production requirements, both signs of a healthier operating environment.”
Author: Eric Denis , Economist