Italian manufacturing PMI hits four year high in May
The S&P Global manufacturing PMI for Italy rose to 52.9 in May, marking its highest level since early 2022. While output and new orders improved, input cost inflation accelerated to a two-year high of 76.5 as Middle East tensions continued to impact supply chains and energy prices.
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Italy manufacturing activity rose to 52.9 in May, marking its highest expansion in over four years despite surging input costs. The headline PMI beat the 51.9 reading predicted by nine analysts surveyed by Reuters. Rising energy costs and Middle East conflict risks threaten to stall this recovery as stockpiling demand fades.
