The IHS Markit Italy Manufacturing PMI fell to 46.2 in December of 2019 from 47.6 in November and below market expectations of 47.2. The reading pointed to the 15th straight month of contraction in factory activity. Production fell at the fastest pace since March of 2013; order book volumes fell sharply and at the quickest pace for three months, amid muted client demand; new business from abroad also decreased; and job shedding entered its seventh month and was the fastest since May of 2013. On the price front, cost burdens fell further and output charges were also reduced. Finally, business confidence strengthened to a five-month high amid hopes of improved demand.
Manufacturing PMI in Italy averaged 51.99 points from 2012 until 2019, reaching an all time high of 59 points in January of 2018 and a record low of 46.20 points in December of 2019. This page provides the latest reported value for - Italy Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Markit Economics
Manufacturing PMI in Italy is expected to be 47.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Italy to stand at 52.50 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 53.80 points in 2020, according to our econometric models.