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Italian manufacturing economy returns to marginal growth in January
Italy's manufacturing economy showed signs of stabilisation in January. Output returned to marginal growth, orders fell to a much lesser degree and employment rose again. Expectations about the future improved noticeably since the end of 2022, whilst cost inflation sank to its lowest level in nearly two-and-a-half years. The seasonally adjusted S&P Global Italy Manufacturing Purchasing Managers’ Index® (PMI®) registered 50.4 in January, moving up from 48.5 in December, and snapping a six-month run of below 50.0 readings. Although indicative of marginal growth, January's reading was the best recorded by the ... (full story)