The IHS Markit Italy Manufacturing PMI rose to 59.8 in March 2021 from 56.9 in the previous month, in line with market expectations and pointing to the steepest improvement in manufacturing conditions for 21 years. Both output and new orders rose at the quickest rates for more than three years, amid reports of a further surge in client demand. Subsequently, firms took on additional staff at a sharper pace. Worsening supplier delays added further to inflationary pressures, however, with the latest rise in costs the most marked nearly for a decade. Looking ahead, sentiment remained robust and historically elevated, despite moderating on the month. source: Markit Economics

Manufacturing PMI in Italy averaged 51.72 points from 2012 until 2021, reaching an all time high of 59.80 points in March 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 April of 2021.

Manufacturing PMI in Italy is expected to be 53.00 points 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 54.50 in 12 months time. 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.

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Italy Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.80 56.90 59.80 31.10 2012 - 2021 points Monthly
SA


News Stream
Italy Factory Activity Growth at 21-Year High
The IHS Markit Italy Manufacturing PMI rose to 59.8 in March 2021 from 56.9 in the previous month, in line with market expectations and pointing to the steepest improvement in manufacturing conditions for 21 years. Both output and new orders rose at the quickest rates for more than three years, amid reports of a further surge in client demand. Subsequently, firms took on additional staff at a sharper pace. Worsening supplier delays added further to inflationary pressures, however, with the latest rise in costs the most marked nearly for a decade. Looking ahead, sentiment remained robust and historically elevated, despite moderating on the month.
2021-04-01
Italy Factory Activity Growth at Near 3-Year High
The IHS Markit Italy Manufacturing PMI rose to 56.9 in February 2021, from 55.1 in the previous month and broadly in line with market expectations of 57.0. The latest reading signaled the most marked improvement in the health of the sector since January 2018, as both output and new orders expanded at the fastest pace since February 2018 helped by a strong increase in export orders. Subsequently, goods producers took on staff at a rate not seen since mid-2018. On the price front, input cost inflation was the highest since April 2011 and output charge inflation hit a three-year high. Finally, firms remained confident with regards to output over the coming year during February.
2021-03-01
Italy Manufacturing PMI Highest since March 2018
The IHS Markit Italy Manufacturing PMI rose to 55.1 in January of 2021, up from 52.8 in the previous month and above market expectations of 52.4. The latest reading points to the seventh consecutive month of expansion in factory activity and at the sharpest rate since March 2018. Output growth was the fastest for three months, while the upturn in inflows of new work quickened to a solid pace. Disruptions to supply chains intensified, however, with lead times for inputs lengthening to the greatest extent since May, pushing the rate of input price inflation to a near four-year high. Finally, firms remained confident with regards to output over the coming 12 months due to hopes of a swift end to COVID-19 related restrictions and a strong economic recovery.
2021-02-01
Italy Manufacturing Sector Expands Less than Forecast
The IHS Markit Italy Manufacturing PMI rose to 52.8 in December 2020, up from 51.5 in the previous month but below market expectations of 53.7. The latest reading signaled a moderate improvement in the health of the manufacturing sector, supported by a seventh consecutive monthly increase in output and a slight rebound in new orders as looser COVID-19 related restrictions in key markets led to a surge in foreign demand. In addition, employment rose the most in two-and-a-half years, while backlogs of work continued to decline. Concurrently, vendor performance deteriorated further, with lead times for inputs lengthened to the greatest extent since May. On the price front, input cost inflation was the highest since July 2018 and output charge inflation quickened to a two-year high, though remained modest. Looking ahead, business sentiment hit a three-month high in December.
2021-01-04

Italy Manufacturing PMI
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.