(ANSA) - ROME, FEB 1 - The Italian manufacturing sector
increased in January with the PMI, after six straight months
below 50, rising from 48.5 in December to 50.4 in the first
month of the new year.
The Purchasing Managers' Index (PMI) is an index of the
prevailing direction of economic trends in the manufacturing and
service sectors.
The PMI was issued as usual by S&P Global, which said that it
was seeing signs of stabilization" in the manufacturing business
after the six laggardly months since June.
"Production has started growing again slightly, orders are down
to a much lower level and the employment level has risen again,"
it said.
Forecasts of future activity have grown significantly since the
end of 2022, S&P Global added, while cost inflation has "plunged
to its lowest level in almost two and a half years". (ANSA).
Manufacturing rising again, PMI up from 48.5 to 50.4
Best result since June in January, prospects also improve