The IHS Markit Italy Manufacturing PMI rose to an all-time high of 60.7 in April 2021, from 59.8 in the previous month and slightly below market expectations of 61.0. Output increased at the third-steepest pace in the series near 23-year history, while growth of new work was the most marked since April 2000, due to improved client demand. At the same time, the rate of job creation was the strongest since January 2018 and firms continued to increase their buying activity, while pre-production inventories fell at the quickest rate since December 2011 and stocks of finished goods decreased at a record pace. On the price front, input cost inflation accelerated markedly to one of the fastest rates in the series history, with firms increasing their selling prices at a record pace as a result. Looking ahead, sentiment was among the strongest on record, with optimism linked to improved demand and hopes of a robust economic recovery. source: Markit Economics
Manufacturing PMI in Italy averaged 51.80 points from 2012 until 2021, reaching an all time high of 60.70 points in April of 2021 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 May of 2021.
Manufacturing PMI in Italy is expected to be 53.00 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 54.50 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 55.00 points in 2022 and 53.80 points in 2023, according to our econometric models.