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PMI: Input price inflation falling but output prices record rise

ITALY DATA

Similar to in the Spanish data, input price inflation has fallen but output prices have recorded a record rise. However, Italian growth also "cooled noticeably". Highlights from the press release:

  • "Growth momentum cooled noticeably, as output rose at the weakest pace for 12 months amid a much slower expansion in new work and reports of staff shortages and COVID-19 related disruptions."
  • "The rate of [input price] inflation slowed to a ten-month low, but was still rapid. As a result, companies raised their selling prices at a survey record rate in January."
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