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.

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Italy Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.50 45.40 59.00 31.10 2012 - 2020 points Monthly
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News Stream
Italy Factory Activity Shrinks More than Expected
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.
2020-07-01
Italy Manufacturing PMI Third-Lowest on Record
The IHS Markit Italy Manufacturing PMI increased to 45.4 in May 2020 from a record low of 31.1 in the previous month and above market expectations of 37.1. Still, the latest reading pointed to the third sharpest contraction in factory activity since series began as output and new orders continued to shrink albeit at softer pace as coronavirus restrictions were loosened and factories reopened. New export orders fell and extended the current sequence of contraction to just over a year. The job shedding rate was marked as manufacturers reported another round of lay-offs and buying activity dropped further, with the decline the third-sharpest since mid-2009. On the price front, cost burdens decreased due to lower prices of oil and raw material costs and average charges fell at the quickest rate since July 2009. Lastly, sentiment improved to its highest level since March 2017 amid optimism linked to easing lockdown restrictions globally and hopes of improved demand.
2020-06-01
Italy Factory Activity Contracts at Record Pace
The IHS Markit Italy Manufacturing PMI declined to 31.1 in April 2020 from 40.3 in the previous month, but beating market consensus of 30. The reading pointed to the steepest contraction in factory activity since series began, amid shutdowns and emergency measures due to the coronavirus pandemic. Output, new orders and export sales dropped to its lowest level on record. In addition, the job shedding rate accelerated an eleven-year high; and supplier delivery times lengthened to the greatest extend on record as widespread supply disruptions continued. On the price front, input prices fell for the third consecutive month due to lower prices of oil and raw materials, and output cost declined at the quickest pace since August 2009. Finally, sentiment improved to a three-month high amid hopes of a timely global economic recovery.
2020-05-04
Italy Factory Activity Shrinks at Record Pace
The IHS Markit Italy Manufacturing PM slumped to a record low of 40.3 in March 2020 from 48.7 in February, slightly below market expectations of 40.5, amid COVID-19 shutdowns. Production contracted at the sharpest rate in nearly 23 years of data collection, whilst the decline in order book volumes was the quickest since March 2009; and as new export orders decreased at the fastest rate since March 2009. Also, the rate of job shedding was the quickest since August 2012 and solid overall. On the price front, input prices declined at the fastest pace since May 2009 and selling prices fell moderately. Finally, expectations regarding output over the next year were the lowest since the series began in July 2012.
2020-04-01

Italy Manufacturing PMI
In Italy, the Markit Italy Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.