The IHS Markit Italy Manufacturing PMI declined to 59.7 in September 2021, from 60.9 in the previous month but still beating market expectations of 59.4, pointing to the slowest rate of expansion since February, but one that was still rapid overall. Both production and new orders continued to expand at solid rates, with inflows of new work from abroad rising steeply. Meanwhile, average lead times for inputs lengthened substantially again, with delays the fourth most severe on record due to material shortage and transport problems. Stocks of purchases fell sharply, while backlogs of work rose at a faster pace and the rate of job creation accelerated. On the price front, input cost inflation remained high, while the rate of increase in average charges was the fourth steepest in the series history. source: Markit Economics
Manufacturing PMI in Italy averaged 52.20 points from 2012 until 2021, reaching an all time high of 62.30 points in May 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 October of 2021.
Manufacturing PMI in Italy is expected to be 59.50 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 2022 and 53.80 points in 2023, according to our econometric models.