Italy April manufacturing PMI 47.3 vs 50.0 expected ...Middle East

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Italy April manufacturing PMI 47.3 vs 50.0 expected
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Prior 50.4That's a bummer as Italy's manufacturing sector slips back into contraction in April. There were renewed declines in output and new orders, with input prices also rising for the first time since January 2023. HCOB notes that:“The manufacturing sector in Italy has taken a step backward. In April, the HCOB Manufacturing PMI dropped after just one month of surpassing the 50.0 mark. This indicates that the economy may not be on as strong a recovery path as previously thought. The downward risks posed by input price inflation and interest rates continue to make life difficult for the Italian industry. “There's a lot of shadow and little light. To glean optimism from the numbers, one mus

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