The IHS Markit Italy Manufacturing PMI decreased to 51.5 in November of 2020 from 53.8 in October, below market expectations of 52. The latest reading points to the fifth consecutive month of expansion in factory activity but at the slowest rate in the current sequence. The recovery lost momentum as output growth slowed amid a renewed fall in order book volumes, linked to stricter coronavirus disease related measures. Finally, the level of positive sentiment was the lowest since May, but still historically elevated. source: Markit Economics

Manufacturing PMI in Italy averaged 51.56 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 December of 2020.

Manufacturing PMI in Italy is expected to be 49.00 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 52.40 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
51.50 53.80 59.00 31.10 2012 - 2020 points Monthly
SA


News Stream
Italy Manufacturing Recovery Loses Momentum
The IHS Markit Italy Manufacturing PMI decreased to 51.5 in November of 2020 from 53.8 in October, below market expectations of 52. The latest reading points to the fifth consecutive month of expansion in factory activity but at the slowest rate in the current sequence. The recovery lost momentum as output growth slowed amid a renewed fall in order book volumes, linked to stricter coronavirus disease related measures. Finally, the level of positive sentiment was the lowest since May, but still historically elevated.
2020-12-01
Italy Factory Growth Strongest in Near 3 Years: PMI
The IHS Markit Italy Manufacturing PMI increased to 53.8 in October of 2020 from 53.2 in September, beating forecasts of 53.5. The reading pointed to the 4th straight month of growth in factory activity and the strongest since March of 2018 amid quicker rises of both output, sales and total new orders. Export markets provided a further boost, with foreign order book volumes expanding the most since January of 2018. Buying activity growth was one of the fastest in the current three-month sequence of growth, albeit still marginal. Also, job creation eased to only a fractional pace, capacity pressures remained weak and the rate of backlog depletion was unchanged. On the price front, and despite higher cost burdens, Italian manufacturers resumed discounting in efforts to attract clients, with average selling prices falling slightly. Finally, the 12-month outlook for output moderated but remained positive amid improved demand and hopes of a timely economic recovery.
2020-11-02
Italy Factory Activity Growth at 27-Month High
The IHS Markit Italy Manufacturing PMI went up to 53.2 in September of 2020 from 53.1 in the previous month but below market expectations of 53.5. The latest reading pointed to the highest reading since June of 2018, with operating conditions improving moderately again amid further solid expansions in both output and order books. New export orders rose for the first time since April 2019, amid reports that foreign demand was strengthening. Subsequently, following 15 consecutive monthly falls, workforce numbers increased, as some firms bolstered capacity to keep on top of workloads. On the price front, input prices rose at the quickest rate since December 2018 and solidly overall. Looking ahead, confidence climbed to a fresh series record, with higher sales, looser restrictions and hopes of an economic recovery frequently linked by respondents to confidence.
2020-10-01
Italy Factory Activity Growth at Over 2-Year High
The IHS Markit Italy Manufacturing PMI rose to 53.1 in August 2020 from 51.9 in the previous month, beating market expectations of 52.0. The latest reading signaled a second consecutive monthly improvement in operating conditions and the strongest since June 2018. Output and new orders grew by the most since February 2018 and purchasing activity rose for the first time since June 2018, as looser lockdown restrictions and the reopening of the economy continued to revive client demand. At the same time, firms continued to cut jobs, with some panelists mentioning redundancies and shorter working hours. On the price front, cost burdens continued to rise and average charges fell again. Looking ahead, business sentiment was the strongest in the series history on hopes of an economic recovery and improved sales forecasts.
2020-09-01

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.