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Italian manufacturing sector records further rapid expansion in December
The Italian manufacturing sector recorded another month of steep growth during December, according to the latest PMI® data. Output and new work continued to rise rapidly, with the rates of growth remaining among the quickest on record despite easing slightly. Subsequently, backlogs of work rose at a survey record pace in part due to ongoing supply issues, which continued to be reflected in severe inflationary pressures, although the rates of both cost and output price inflation slowed. The seasonally adjusted IHS Markit Italy Manufacturing Purchasing Managers' Index® (PMI) – a single-figure measure of ... (full story)