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.