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. source: S&P Global

Manufacturing PMI in Italy increased to 51.30 points in March from 50.60 points in February of 2026. Manufacturing PMI in Italy averaged 51.32 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 51.30 points in March from 50.60 points in February 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 88.80 88.50 points Mar 2026
Capacity Utilization 74.70 75.00 percent Mar 2026
Car Registrations 185367.00 157334.00 Units Mar 2026
Changes in Inventories -583.40 2540.30 EUR Million Sep 2025
Composite Leading Indicator 101.40 101.30 points Feb 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 148.51 72.41 EUR/MWh Apr 2026
Electricity Production 21476.00 25259.00 Gigawatt-hour Feb 2026
Industrial Production YoY -0.60 2.70 percent Jan 2026
Industrial Production MoM -0.60 -0.50 percent Jan 2026
Manufacturing Production -2.28 3.23 percent Jan 2026
Industrial Sales YoY -0.30 0.60 percent Jan 2026
Mining Production 3.35 2.10 percent Jan 2026
Natural Gas Stocks Capacity 203.35 203.35 TWh Mar 2026
Natural Gas Stocks Injection 14.01 361.41 GWh/d Mar 2026
Natural Gas Stocks Inventory 88.25 88.94 TWh Mar 2026
Natural Gas Stocks Withdrawal 426.00 138.90 GWh/d Mar 2026
New Car Registrations YoY 7.60 14.00 percent Mar 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 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
Italy Manufacturing PMI Signals Modest Recovery
The HCOB Italy Manufacturing PMI rose to 50.6 in February 2026, up from 48.1 in January and above the market consensus of 49.5. The reading, the highest in three months, indicated a slight improvement in operating conditions, as output and new orders increased following two months of decline, despite export sales falling at their fastest pace in five months amid elevated global uncertainty. Employment edged up only marginally, limiting purchases of inputs. Meanwhile, input cost inflation reached its highest level since October 2022, and output prices rose at the fastest pace in ten months. Business confidence, however, strengthened to its highest level in over five years.
2026-03-02
Italy Manufacturing Sector Remains in Contraction
The HCOB Italy Manufacturing PMI rose slightly to 48.1 in January 2026 from 47.9 in December, in line with market expectations. Demand conditions were still weak, with new orders and exports falling again, though at a milder pace, reflecting fragile markets and some order cancellations. Production also declined modestly, limited by subdued demand and, in some cases, raw material constraints. Lower output led firms to cut purchases and reduce inventories, helping ease pressure on supply chains and shorten delivery times. Despite softer input demand, costs jumped at the fastest pace in over three years due to higher raw material prices, prompting manufacturers to raise selling prices. Employment was the only area of growth, with firms adding staff cautiously. Looking ahead, manufacturers were more optimistic, with confidence near a four and a half year high on hopes of new products, lower borrowing costs and a gradual sector recovery.
2026-02-02