Italy's consumer price inflation eased notably at the start of the year, primarily due to a sharp reduction in the prices of regulated energy goods, preliminary data from the statistical office ISTAT showed on Wednesday. Separately, a results of the purchasing managers' survey by S&P Global showed that the Italian manufacturing economy showed signs of stabilization at the start of the year.
Consumer price inflation eased to 10.1 percent in January from a revised 11.6 percent in December. That was also in line with economists' forecasts.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.