The S&P Global Italy Manufacturing PMI rose to 50.4 in September 2026 from 49.6 in August, above market expectations of 50. The index moved back above the 50.0 threshold, indicating a marginal expansion in manufacturing activity and marking the seventh improvement in operating conditions in the past eight months. However, the recovery remained fragile, with output and new orders both declining slightly as subdued domestic and overseas demand limited production and purchasing. Export orders also fell modestly, while heightened geopolitical uncertainty discouraged investment and inflation concerns constrained activity. Supply-chain pressures persisted, with input delivery times deteriorating sharply amid logistical disruptions and shortages of key components such as electronics. At the same time, input-cost inflation accelerated to its strongest pace of the third quarter. Employment continued to increase slightly, while manufacturers remained optimistic about the next 12 months. source: S&P Global

Manufacturing PMI in Italy increased to 50.40 points in September from 49.60 points in August of 2026. Manufacturing PMI in Italy averaged 51.33 points from 2012 until 2026, 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.

Manufacturing PMI in Italy increased to 50.40 points in September from 49.60 points in August of 2026. Manufacturing PMI in Italy is expected to be 51.00 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 52.90 points in 2027 and 52.30 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 225.37 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 160.66 205.30 GWh/d Oct 2026
Natural Gas Stocks Inventory 183.14 182.99 TWh Oct 2026
Natural Gas Stocks Withdrawal 4.10 5.00 GWh/d Oct 2026
New Car Registrations YoY 9.90 3.20 percent Sep 2026


Italy Manufacturing PMI
In Italy, the S&P Global 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. 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 Manufacturing Sector Stabilizes, Demand Remains Weak
The S&P Global Italy Manufacturing PMI rose to 50.4 in September 2026 from 49.6 in August, above market expectations of 50. The index moved back above the 50.0 threshold, indicating a marginal expansion in manufacturing activity and marking the seventh improvement in operating conditions in the past eight months. However, the recovery remained fragile, with output and new orders both declining slightly as subdued domestic and overseas demand limited production and purchasing. Export orders also fell modestly, while heightened geopolitical uncertainty discouraged investment and inflation concerns constrained activity. Supply-chain pressures persisted, with input delivery times deteriorating sharply amid logistical disruptions and shortages of key components such as electronics. At the same time, input-cost inflation accelerated to its strongest pace of the third quarter. Employment continued to increase slightly, while manufacturers remained optimistic about the next 12 months.
2026-10-01
Italy Manufacturing Slips Back Into Contraction
The S&P Global Italy Manufacturing PMI fell to 49.6 in August 2026, down from 51.3 in July and below market expectations of 51.5. The reading, though only marginally below the 50.0 threshold, marked the first deterioration in operating conditions since January, with output, new orders and purchasing stocks all weighing on the index. New orders declined for a second consecutive month and at the fastest pace in nearly a year and a half, while export orders also fell. Weaker production requirements led to the first contraction in manufacturing output in seven months, driven by a decline in intermediate goods production. Purchasing volumes also fell, posting their sharpest decline in almost a year. Supply-chain disruptions remained a key constraint amid material shortages and transport issues, although the deterioration in supplier delivery times eased to a six-month low. Meanwhile, employment continued to rise, helping underpin firms’ expectations for growth over the coming year.
2026-09-01
Italy Manufacturing Growth Slows to Four-Month Low
The S&P Global Italy Manufacturing PMI fell to 51.3 in July 2026 from 52.2 in June, missing market expectations of 52.3 and marking its lowest reading in four months. The slowdown reflected fading support from earlier stockpiling linked to the Iran conflict, as new orders declined again amid subdued demand, with firms citing geopolitical uncertainty and inflationary pressures. Export orders also fell for the first time in five months. Manufacturing output expanded at a softer pace, while longer supplier delivery times provided a positive contribution to the headline index despite reflecting ongoing supply disruptions. Backlogs of work recorded their sharpest decline of the year, and both employment and purchasing activity weakened. At the same time, input cost pressures eased, while business confidence deteriorated.
2026-08-03