The IHS Markit Italy Manufacturing PMI rose to 55.1 in January of 2021, up from 52.8 in the previous month and above market expectations of 52.4. The latest reading points to the seventh consecutive month of expansion in factory activity and at the sharpest rate since March 2018. Output growth was the fastest for three months, while the upturn in inflows of new work quickened to a solid pace. Disruptions to supply chains intensified, however, with lead times for inputs lengthening to the greatest extent since May, pushing the rate of input price inflation to a near four-year high. Finally, firms remained confident with regards to output over the coming 12 months due to hopes of a swift end to COVID-19 related restrictions and a strong economic recovery. source: Markit Economics
Manufacturing PMI in Italy averaged 51.60 points from 2012 until 2021, 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 February of 2021.
Manufacturing PMI in Italy is expected to be 51.00 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 54.00 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 54.00 points in 2022 and 53.80 points in 2023, according to our econometric models.