Italian manufacturing cost pressures eased in June, according to a survey by S&P Global. The measure of input cost inflation in the Italian S&P Global Manufacturing Purchasing Managers’ Index (PMI) fell to 74.3 from 76.5 in May, marking the first decline this year.
Output Prices and New Orders
Output prices also eased for the first time since December, with the sub-index declining to 60.6 from 62.3. The new orders subindex declined to 50.6 from 51.2, while the manufacturing output subindex slipped to 52.8 from 53.2.
According to Eleanor Dennison, economist at S&P Global Market Intelligence, the latest figures provide the first signs that things are moving in the right direction for Italian manufacturers, despite the ongoing impact of the conflict in the Middle East.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
