The S&P Global Italy Composite PMI slipped to 51.0 in September 2026 from 53.6 in August, marking its lowest level since June and signaling modest output growth, with the weakest expansion recorded in the third quarter. Growth in both business activity and new orders remained concentrated in the services sector, while manufacturing continued to contract, albeit at a slower pace. Employment growth across the private sector eased to a near-stagnant rate, and outstanding business volumes declined only marginally. Meanwhile, inflationary pressures strengthened, with both input costs and output charges rising at the fastest pace in four months. source: S&P Global

Composite PMI in Italy decreased to 51 points in September from 53.60 points in August of 2026. Composite PMI in Italy averaged 51.24 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 51 points in September from 53.60 points in August of 2026. Composite PMI in Italy is expected to be 51.40 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 91.90 90.20 points Sep 2026
Capacity Utilization 75.60 75.00 percent Sep 2026
Car Registrations 139356.00 69411.00 Units Sep 2026
Changes in Inventories 193.40 -751.40 EUR Million Jun 2026
Composite Leading Indicator 100.30 100.21 points Sep 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 240.44 72.41 EUR/MWh Oct 2026
Electricity Production 25151.00 27717.00 Gigawatt-hour Aug 2026
Industrial Production YoY 0.00 -0.10 percent Aug 2026
Industrial Production MoM -1.30 0.60 percent Aug 2026
Manufacturing Production -1.87 -0.76 percent Aug 2026
Industrial Sales YoY 1.70 -0.90 percent Jul 2026
Mining Production -4.73 -0.98 percent Aug 2026
Natural Gas Stocks Capacity 203.42 203.42 TWh Oct 2026
Natural Gas Stocks Injection 225.09 229.42 GWh/d Oct 2026
Natural Gas Stocks Inventory 182.60 183.38 TWh Oct 2026
Natural Gas Stocks Withdrawal 1.50 0.50 GWh/d Oct 2026
New Car Registrations YoY 9.90 3.20 percent Sep 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 Hits 3-Month Low
The S&P Global Italy Composite PMI slipped to 51.0 in September 2026 from 53.6 in August, marking its lowest level since June and signaling modest output growth, with the weakest expansion recorded in the third quarter. Growth in both business activity and new orders remained concentrated in the services sector, while manufacturing continued to contract, albeit at a slower pace. Employment growth across the private sector eased to a near-stagnant rate, and outstanding business volumes declined only marginally. Meanwhile, inflationary pressures strengthened, with both input costs and output charges rising at the fastest pace in four months.
2026-10-05
Italy’s Private Sector Growth Accelerates in August
The S&P Global Italy Composite PMI rose to 53.6 in August 2026 from 52.5 in July, signaling the fastest private-sector expansion since November 2025 and the second-strongest reading in more than three years. Growth was driven by a stronger services sector, which offset a renewed decline in manufacturing output. New business followed a similar pattern, with the drop in new orders at goods producers accelerating. Employment growth strengthened to its fastest pace in more than two years, while the pace of backlog depletion remained moderate. Inflationary pressures eased, although business confidence fell to a three-month low.
2026-09-03
Italy Private Sector Growth Hits 8-Month High
The S&P Global Italy Composite PMI rose to 52.5 in July 2026 from 50.8 in June, indicating the robust expansion in private-sector output since November 2025. The improvement was driven by stronger momentum in the services sector, which offset continued weakness in manufacturing. Total new orders increased for the second consecutive month and at the fastest pace so far this year, despite a renewed decline in manufacturing order books. Private-sector employment continued to rise in July, extending the growth trend seen throughout the year, with the rate of job creation reaching its strongest level since June 2025. Meanwhile, both price measures pointed to the softest inflation rates since February.
2026-08-05