The S&P Global Italy Manufacturing PMI fell to 48 in August of 2022 from 48.5 in July, pointing to a second consecutive contraction in factory activity and in line with market estimates. It was the quickest decline in Italian manufacturing since the pandemic in June of 2020, as new orders fell sharply from the previous month amid weak client demand in both foreign and domestic markets. While factory production also dropped for a second month, the rate of decline eased from that in July. Weaker demand conditions drove manufacturers to pull back on input buying, and low sales drove stocks of finished goods to rise. Meantime, August saw another increase in workforce, despite a solid reduction in backlogs of work. On the price front, low demand and eased commodity prices led inflationary pressures to back off from the peaks hit this year. Looking ahead, hopes of a rebound in demand and subdued supply issues supported overall optimism for the year ahead, despite remaining at low levels. source: Markit Economics
Manufacturing PMI in Italy averaged 52.50 points from 2012 until 2022, reaching an all time high of 62.80 points in November 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 October of 2022.
Manufacturing PMI in Italy is expected to be 47.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Manufacturing PMI is projected to trend around 51.50 points in 2023 and 52.00 points in 2024, according to our econometric models.