Italian manufacturing cost pressures at 4-year high in April, PMI shows

Cost pressures in Italy's manufacturing sector reached a four-year high in April, driven by Middle East conflict, with input cost inflation rising to 75.4. The PMI rose to 52.1, indicating growth, but delivery delays and cost inflation worsened. Consumer price inflation hit 2.9%, and the government revised its economic growth outlook down to 0.6% for this year and next, forecasting six years of sub-1% growth.