The S&P Global Italy Manufacturing PMI fell to 48.5 in July of 2022 from 50.9 in June, pointing to the first contraction in factory activity since June of 2020, and compared to market forecast of 49.1. The quickest decline in new work since the height of COVID-19 measures led to a renewed and sharp drop in factory production, due to weak demand and ongoing cost pressures. New export orders also fell the most in 26 months and the rate of job creation was the slowest for 20 months, in part reflecting a sustained and quicker decline in backlogs of work. Also, average lead times for inputs lengthened to the smallest degree since November 2020. On the other hand, cost pressures were the lowest since December of 2020 and output inflation slowed to the lowest since March of 2021. Finally, business confidence was the third weakest on record. source: Markit Economics

Manufacturing PMI in Italy averaged 52.53 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 August of 2022.

Manufacturing PMI in Italy is expected to be 52.50 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 55.00 points in 2023 and 52.00 points in 2024, according to our econometric models.

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Italy Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 48.40 51.60 points Jul 2022
Manufacturing PMI 48.50 50.90 points Jul 2022
Composite PMI 47.70 51.30 points Jul 2022

Italy Manufacturing PMI
In Italy, the Markit Italy Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
48.50 50.90 62.80 31.10 2012 - 2022 points Monthly
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News Stream
Italy Factory Activity Contracts in July
The S&P Global Italy Manufacturing PMI fell to 48.5 in July of 2022 from 50.9 in June, pointing to the first contraction in factory activity since June of 2020, and compared to market forecast of 49.1. The quickest decline in new work since the height of COVID-19 measures led to a renewed and sharp drop in factory production, due to weak demand and ongoing cost pressures. New export orders also fell the most in 26 months and the rate of job creation was the slowest for 20 months, in part reflecting a sustained and quicker decline in backlogs of work. Also, average lead times for inputs lengthened to the smallest degree since November 2020. On the other hand, cost pressures were the lowest since December of 2020 and output inflation slowed to the lowest since March of 2021. Finally, business confidence was the third weakest on record.
2022-08-01
Italy Manufacturing PMI at 2-Year Low
The S&P Global Italy Manufacturing PMI fell to 50.9 in June of 2022 from 51.9 in the prior month, the lowest since June of 2020 but surpassing expectations of 50.5. Albeit at a slower pace, it was the 24th consecutive month of expansion in Italy’s manufacturing sector. Production levels were seen marginally higher, driven solely by backlogs of work since demand for new work plummeted to levels near survey-low, with firms citing economic uncertainty and higher prices for the decline in demand. On the price front, inflationary pressures remained elevated in June, driven by energy, fuel, and raw materials, but the rate of increase was slightly lower from the previous month. Still, manufacturers cited a steady increase in employment. Looking forward, lower expectations of future productions pressed business confidence to its lowest since March of 2020.
2022-07-01
Italy Manufacturing Growth Slows Further
The S&P Global Italy Manufacturing PMI fell to 51.9 in May of 2022 from 54.5 in the prior month, the lowest since November of 2020 and missing market expectations of 53.5. Albeit at a slower pace, it was the 23rd consecutive month of expansion in Italy’s manufacturing sector. The lower upturn was driven by weaker levels of output and new orders during the month, with factory production dropping for the first time since May of 2020. In the price front, inflationary pressures showed signs of easing during and fell to a three-month low. Still, average costs faced by manufacturers continued to rise due to higher prices for raw materials and transportation. At the same time, firms recorded persistent growth in job creation, extending the run to 21-months. Looking forward, business confidence improve from the previous period due to expectations of improved demand and lower supply disruptions.
2022-06-01