The S&P Global Italy Composite PMI stood at 50.4 in May 2026, largely unchanged from April's 50.5, indicating broadly stable private-sector activity. A sharper contraction in services activity was largely offset by stronger growth in manufacturing output. Total new orders declined slightly, with the weakness concentrated in the services sector. Employment continued to rise modestly across both sectors, while backlogs of work was broadly stable. Meanwhile, inflationary pressures intensified, with input cost inflation accelerating to its highest level in more than three-and-a-half years. This prompted firms to raise their selling prices at the fastest pace in just over three years. source: S&P Global

Composite PMI in Italy decreased to 50.40 points in May from 50.50 points in April of 2026. Composite PMI in Italy averaged 51.22 points from 2013 until 2026, reaching an all time high of 59.10 points in August of 2021 and a record low of 10.90 points in April of 2020. This page provides - Italy Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in Italy decreased to 50.40 points in May from 50.50 points in April of 2026. Composite PMI in Italy is expected to be 49.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Composite PMI is projected to trend around 52.90 points in 2027 and 52.80 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 87.90 87.90 points May 2026
Capacity Utilization 75.00 74.70 percent Jun 2026
Car Registrations 139445.00 155210.00 Units May 2026
Changes in Inventories -2037.40 4822.20 EUR Million Mar 2026
Composite Leading Indicator 100.33 100.48 points May 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 136.59 72.41 EUR/MWh Jun 2026
Electricity Production 21558.00 20027.00 Gigawatt-hour May 2026
Industrial Production YoY 1.30 1.40 percent Apr 2026
Industrial Production MoM 0.50 0.60 percent Apr 2026
Manufacturing Production 1.81 2.03 percent Apr 2026
Industrial Sales YoY 2.00 0.50 percent Mar 2026
Mining Production -1.08 6.71 percent Apr 2026
Natural Gas Stocks Capacity 203.42 203.42 TWh Jun 2026
Natural Gas Stocks Injection 520.25 571.28 GWh/d Jun 2026
Natural Gas Stocks Inventory 130.98 130.46 TWh Jun 2026
Natural Gas Stocks Withdrawal 1.50 1.60 GWh/d Jun 2026
New Car Registrations YoY 7.60 11.60 percent May 2026


Italy Composite PMI
The Italy Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report' shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion' index. This index is the sum of the positive responses plus a half of those responding ‘the same'. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Italy Private Sector Activity Growth Broadly Stable
The S&P Global Italy Composite PMI stood at 50.4 in May 2026, largely unchanged from April's 50.5, indicating broadly stable private-sector activity. A sharper contraction in services activity was largely offset by stronger growth in manufacturing output. Total new orders declined slightly, with the weakness concentrated in the services sector. Employment continued to rise modestly across both sectors, while backlogs of work was broadly stable. Meanwhile, inflationary pressures intensified, with input cost inflation accelerating to its highest level in more than three-and-a-half years. This prompted firms to raise their selling prices at the fastest pace in just over three years.
2026-06-03
Italy Private Sector Activity Returns to Growth
The S&P Global Italy Composite PMI rose to 50.5 in April 2026 from 49.2 in March. The latest reading signals a return to expansion in overall private sector activity after a brief contraction in the previous month, largely supported by the manufacturing sector. Meanwhile, new orders in the services sector increased, offsetting a decline in manufacturing order books. Additionally, employment growth and business confidence regarding the 12-month outlook improved slightly compared with March. On the price front, inflationary pressures intensified, with input costs rising at their fastest rate in three and a half years. Firms responded by increasing output charges at the steepest pace since February 2023.
2026-05-06
Italy Private Sector Activity Shrinks in March
The S&P Global Italy Composite PMI fell to 49.2 in March 2026 from 52.1 in February, pointing to the first contraction in private sector activity since January 2025 and the biggest since November 2024. The decline was led by a renewed fall in services activity and amid a softer expansion in manufacturing output. As similar trend was true for new orders, which likewise recorded a fresh contraction in March. Meanwhile, private sector employment growth largely stalled, and backlogs were stable. With regards to prices, inflation of input costs and output charges accelerated to 40- and 37- month highs, respectively.
2026-04-07