The IHS Markit Italy Manufacturing PMI rose to 59.8 in March 2021 from 56.9 in the previous month, in line with market expectations and pointing to the steepest improvement in manufacturing conditions for 21 years. Both output and new orders rose at the quickest rates for more than three years, amid reports of a further surge in client demand. Subsequently, firms took on additional staff at a sharper pace. Worsening supplier delays added further to inflationary pressures, however, with the latest rise in costs the most marked nearly for a decade. Looking ahead, sentiment remained robust and historically elevated, despite moderating on the month. source: Markit Economics
Manufacturing PMI in Italy averaged 51.72 points from 2012 until 2021, reaching an all time high of 59.80 points in March 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 April 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.