Italy’s S&P Global Manufacturing PMI climbed to 52.9 in May 2026, up from 52.1 in April and beating market forecasts of 52.0. This marks the strongest expansion in the sector since April 2022, driven by rising demand as clients stockpile safety reserves amid shortages and anticipated price hikes. New orders grew at one of the fastest rates in four years, prompting manufacturers to increase output and purchasing activity, the latter at levels last seen in April 2022, to build buffer stocks against supply chain disruptions. Employment growth slowed, but backlogs rose for the first time in nearly four years. Price pressures intensified, with input and output inflation hitting four-year and three-and-a-half-year highs, respectively. Finally, business confidence saw a slight uptick on hopes of positive outcomes from sales negotiations and more favorable economic conditions. source: S&P Global

Manufacturing PMI in Italy increased to 52.90 points in May from 52.10 points in April of 2026. Manufacturing PMI in Italy averaged 51.34 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 52.90 points in May from 52.10 points in April of 2026. Manufacturing PMI in Italy is expected to be 52.00 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 87.90 87.90 points May 2026
Capacity Utilization 75.00 74.70 percent Jun 2026
Car Registrations 155210.00 185367.00 Units Apr 2026
Changes in Inventories 5003.00 1180.10 EUR Million Dec 2025
Composite Leading Indicator 100.64 100.78 points Apr 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 120.69 72.41 EUR/MWh Jun 2026
Electricity Production 20027.00 21517.00 Gigawatt-hour Apr 2026
Industrial Production YoY 1.50 0.40 percent Mar 2026
Industrial Production MoM 0.70 0.20 percent Mar 2026
Manufacturing Production 2.03 0.95 percent Mar 2026
Industrial Sales YoY 2.00 0.50 percent Mar 2026
Mining Production 6.71 -8.54 percent Mar 2026
Natural Gas Stocks Capacity 203.42 203.42 TWh May 2026
Natural Gas Stocks Injection 689.36 557.61 GWh/d May 2026
Natural Gas Stocks Inventory 118.83 118.13 TWh May 2026
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d May 2026
New Car Registrations YoY 11.60 7.60 percent Apr 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 Growth Hits Four-Year High
Italy’s S&P Global Manufacturing PMI climbed to 52.9 in May 2026, up from 52.1 in April and beating market forecasts of 52.0. This marks the strongest expansion in the sector since April 2022, driven by rising demand as clients stockpile safety reserves amid shortages and anticipated price hikes. New orders grew at one of the fastest rates in four years, prompting manufacturers to increase output and purchasing activity, the latter at levels last seen in April 2022, to build buffer stocks against supply chain disruptions. Employment growth slowed, but backlogs rose for the first time in nearly four years. Price pressures intensified, with input and output inflation hitting four-year and three-and-a-half-year highs, respectively. Finally, business confidence saw a slight uptick on hopes of positive outcomes from sales negotiations and more favorable economic conditions.
2026-06-01
Italy Manufacturing Growth Hits Four-Year High
The S&P Global Italy Manufacturing PMI climbed to 52.1 in April 2026, up from 51.3 in March and surpassing market expectations of 51.9. This marks the strongest expansion in the manufacturing sector since April 2022. Output growth reached a three-year high, job creation accelerated to its best level since September 2024, and buying activity growth hit a four-year record. However, the war in the Middle East continued to strain supply chains, with delivery times lengthening at the fastest pace since mid-2022. Cost inflation rose to its highest level in nearly four years, while selling price inflation reached its strongest point in three and a half years. Business confidence remained below the long-run average due to concerns about the economic impact of the ongoing conflict.
2026-05-04
Italy Manufacturing Proves Resilient
The S&P Global Italy Manufacturing PMI rose to 51.3 in March 2026 from 50.6 in February and above market forecasts of 50.9. While signaling only a modest improvement in operating conditions, the reading marked the strongest performance in over three years. Output increased for a second consecutive month, though growth slowed and remained modest, while order books edged up as buyers sought to get ahead of expected price rises. Export sales grew marginally for the first time in four months, and employment also rose. Purchasing increased for the first time in over three years, resulting in the first rise in inventories in eight months as manufacturers anticipated supply chain disruptions and higher prices. The Middle East war pushed input lead times to their longest since October 2022 due to shortages and logistical issues. Rising raw materials, transport, and energy pushed input costs and selling prices to three-year highs. Looking ahead, business sentiment stayed positive.
2026-04-01