The IHS Markit Italy Manufacturing PMI increased to 47.5 in June of 2020 from 45.4 in the previous month, below market expectations of 47.7. The reading pointed to the 21st straight month of contraction in factory activity although the deterioration continued the ease from the April’s nadir of 31.1 as restrictions related to the global pandemic were loosened. Factory production increased for the first time in nearly two years, although the expansion was only mild overall. Demand conditions remained weak, with new orders falling again albeit at the weakest rate for four months. Finally, expectations with regards to output over the year ahead climbed to the highest since July 2015.
Manufacturing PMI in Italy averaged 51.50 points from 2012 until 2020, reaching an all time high of 59 points in January of 2018 and a record low of 31.10 points in April of 2020. 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. Italy Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics
Manufacturing PMI in Italy is expected to be 48.80 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 51.00 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 54.00 points in 2021 and 53.80 points in 2022, according to our econometric models.