Italy Manufacturing PMI

The IHS Markit Italy Manufacturing PMI came in at 48.7 in August 2019, little-changed from the previous month's 48.5 and market expectations of 48.5. The latest reading indicated an eleventh successive monthly deterioration in the health of the Italian manufacturing sector, as output and new orders dropped for the thirteenth consecutive period. New business from abroad also decreased, amid reports of lower demand from companies based in Germany, while employment continued to decline due to weaker demand conditions and the non-renewal of client contracts. Meanwhile, backlogs of work fell for the seventeenth consecutive month, and purchasing activity also decreased, extending the current sequence of contraction to 14 months. On the price front, both input costs and output charges increased for the first time in three and two months, respectively. Looking ahead, business confidence fell to the lowest in four months, but was nonetheless positive. Manufacturing PMI in Italy is reported by Markit Economics.

Manufacturing PMI in Italy is expected to be 49.10 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Italy to stand at 51.90 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 53.80 in 2020, according to our econometric models.

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Italy Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	99.70	100.10	121.52	71.50	Index Points	[+]
Manufacturing PMI	48.70	48.50	59.00	47.40		[+]
Services PMI	50.60	51.70	57.70	42.30	Index Points	[+]
Industrial Production	-0.70	-1.20	17.50	-25.90	percent	[+]
Industrial Production Mom	-0.70	-0.30	13.50	-14.80	percent	[+]
Manufacturing Production	-1.30	-1.80	19.40	-27.00	percent	[+]
Capacity Utilization	77.20	76.80	81.00	64.90	percent	[+]
New Orders	117.90	114.20	140.30	4.16	Index Points	[+]
Factory Orders	-2.90	-1.00	14.30	-12.30	percent	[+]
Changes in Inventories	-5786.60	-4427.20	5357.70	-5786.60	EUR Million	[+]
Zew Economic Sentiment Index	-49.50	-28.00	80.40	-61.60		[+]
Car Registrations	88939.00	152800.00	310337.00	53296.00		[+]
Internet Speed	9210.65	8669.14	9210.65	2453.86	KBps	[+]
IP Addresses	13315518.00	13117319.00	18750460.00	5491532.00	IP	[+]
Manufacturing Sales	-0.50	-0.70	7.60	-6.60	percent	[+]
Mining Production	0.30	-5.90	47.40	-26.20	percent	[+]
Steel Production	2130.00	2086.00	3033.00	750.00	Thousand Tonnes	[+]
Competitiveness Index	70.77	70.46	70.77	4.30	Points	[+]
Competitiveness Rank	31.00	31.00	49.00	31.00		[+]
Composite Pmi	50.30	51.00	59.00	48.80		[+]
Bankruptcies	2823.00	3029.00	4543.00	955.00	Companies	[+]
Ease of Doing Business	51.00	46.00	87.00	44.00		[+]
Electricity Production	23003.00	22439.00	29587.00	21113.00	Gigawatt-hour	[+]
Corruption Index	52.00	50.00	55.00	29.90	Points	[+]
Corruption Rank	53.00	54.00	72.00	29.00		[+]

In Italy, the Markit 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 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	48.70	48.50	59.00	47.40	2012 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3