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2026-04-07 16:03:25
[Italy's Private Sector Activity Contracts in March, Composite PMI Falls to 49.2] ⑴ The S&P Global Italy Composite Purchasing Managers' Index (PMI) fell to 49.2 in March from 52.1 in February, indicating that private sector activity contracted for the first time since January 2025, and the largest contraction since November 2024. ⑵ This decline was mainly dragged down by a renewed drop in service sector activity and a weakening of manufacturing output expansion. New orders followed a similar trend, also recording a new contraction in March. ⑶ Meanwhile, private sector employment growth essentially stalled, and backlogs of orders remained stable. On the price front, input cost and output price inflation rates accelerated to 40-month and 37-month highs, respectively.
