Italy Manufacturing PMI2012-2020 Data | 2021-2022 Forecast | Calendar | Historical

The IHS Markit Italy Manufacturing PMI rose to 53.1 in August 2020 from 51.9 in the previous month, beating market expectations of 52.0. The latest reading signaled a second consecutive monthly improvement in operating conditions and the strongest since June 2018. Output and new orders grew by the most since February 2018 and purchasing activity rose for the first time since June 2018, as looser lockdown restrictions and the reopening of the economy continued to revive client demand. At the same time, firms continued to cut jobs, with some panelists mentioning redundancies and shorter working hours. On the price front, cost burdens continued to rise and average charges fell again. Looking ahead, business sentiment was the strongest in the series history on hopes of an economic recovery and improved sales forecasts.

The IHS Markit Italy Manufacturing PMI rose to 51.9 in July 2020 from 47.5 in the previous month and beating market expectations of 51.2. The reading pointed to the first expansion in factory activity in two years and the steepest since June 2018, amid the easing of coronavirus lockdown restrictions. Output increased for the second straight month and at the sharpest pace in over two years amid improved demand conditions. New orders went up for the first time in two years while export sales dropped for the fifteenth successive month albeit at a softer pace. The job shedding rate slowed noticeably from June, but remained solid nonetheless. On the price front, input prices increased for the first time since January amid higher cost of raw materials while output charges dropped for the sixth straight month. Lastly, sentiment remained positive amid improved demand conditions and hopes of an economic recovery.

The IHS Markit Italy Manufacturing PMI increased to 47.5 in June of 2020 from 45.4 in the previous month, below market expectations of 47.7. The reading pointed to the 21st straight month of contraction in factory activity although the deterioration continued the ease from the April’s nadir of 31.1 as restrictions related to the global pandemic were loosened. Factory production increased for the first time in nearly two years, although the expansion was only mild overall. Demand conditions remained weak, with new orders falling again albeit at the weakest rate for four months. Finally, expectations with regards to output over the year ahead climbed to the highest since July 2015.

The IHS Markit Italy Manufacturing PMI increased to 45.4 in May 2020 from a record low of 31.1 in the previous month and above market expectations of 37.1. Still, the latest reading pointed to the third sharpest contraction in factory activity since series began as output and new orders continued to shrink albeit at softer pace as coronavirus restrictions were loosened and factories reopened. New export orders fell and extended the current sequence of contraction to just over a year. The job shedding rate was marked as manufacturers reported another round of lay-offs and buying activity dropped further, with the decline the third-sharpest since mid-2009. On the price front, cost burdens decreased due to lower prices of oil and raw material costs and average charges fell at the quickest rate since July 2009. Lastly, sentiment improved to its highest level since March 2017 amid optimism linked to easing lockdown restrictions globally and hopes of improved demand.