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.

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Italy Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.10 52.80 59.00 31.10 2012 - 2021 points Monthly
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News Stream
Italy Manufacturing PMI Highest since March 2018
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.
2021-02-01
Italy Manufacturing Sector Expands Less than Forecast
The IHS Markit Italy Manufacturing PMI rose to 52.8 in December 2020, up from 51.5 in the previous month but below market expectations of 53.7. The latest reading signaled a moderate improvement in the health of the manufacturing sector, supported by a seventh consecutive monthly increase in output and a slight rebound in new orders as looser COVID-19 related restrictions in key markets led to a surge in foreign demand. In addition, employment rose the most in two-and-a-half years, while backlogs of work continued to decline. Concurrently, vendor performance deteriorated further, with lead times for inputs lengthened to the greatest extent since May. On the price front, input cost inflation was the highest since July 2018 and output charge inflation quickened to a two-year high, though remained modest. Looking ahead, business sentiment hit a three-month high in December.
2021-01-04
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 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.