Italy Manufacturing PMI

The IHS Markit Italy Manufacturing PMI came in at 49.2 in December 2018 compared to 48.6 in November and above market expectations of 48.6. The reading pointed to the third consecutive contraction in the manufacturing sector, though less sharp than the month before. Output, new orders and export orders continued to fall. Also, employment growth eased to a four-year low and purchasing activity decreased. Suppliers' delivery times lengthened amid reports of capacity issues at vendors and difficulties in sourcing some raw materials. In terms of prices, input cost inflation eased to the slowest since September 2016 and output prices increased at a slower pace as a result. Finally, business confidence deteriorated for the third consecutive month, hitting the lowest in six years, due to recent signs of demand weakness. Manufacturing PMI in Italy is reported by Markit Economics.

Manufacturing PMI in Italy is expected to be 50.20 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 51.10 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 54.10 in 2020, according to our econometric models.

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Italy Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	103.60	104.30	121.52	71.50	Index Points	[+]
Manufacturing PMI	49.20	48.60	59.00	48.00		[+]
Services PMI	50.50	50.30	57.70	42.30	Index Points	[+]
Industrial Production	-2.60	1.00	17.50	-26.00	percent	[+]
Industrial Production Mom	-1.60	-0.10	13.50	-14.80	percent	[+]
Manufacturing Production	-2.40	1.30	19.40	-26.90	percent	[+]
Capacity Utilization	77.90	78.00	81.00	64.90	percent	[+]
New Orders	108.90	113.70	140.30	4.16	Index Points	[+]
Factory Orders	-0.20	-0.50	14.30	-12.30	percent	[+]
Changes in Inventories	1089.30	157.50	5282.90	-4832.60	EUR Million	[+]
Zew Economic Sentiment Index	-51.90	-49.00	80.40	-61.60		[+]
Car Registrations	124078.00	146991.00	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	[+]
Mining Production	-9.70	-0.10	47.40	-26.20	percent	[+]
Steel Production	2186.00	2299.00	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	50.00	49.30	59.00	48.80		[+]
Bankruptcies	2949.00	3015.00	4543.00	955.00	Companies	[+]
Ease of Doing Business	51.00	46.00	87.00	44.00		[+]
Electricity Production	23936.00	24984.00	29587.00	21113.00	Gigawatt-hour	[+]
Corruption Index	50.00	47.00	55.00	29.90	Points	[+]
Corruption Rank	54.00	60.00	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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	49.20	48.60	59.00	48.00	2012 - 2018		Monthly	SA

Country	Last		Previous	Range
Australia	49.50	Dec/18	51.3	63.1 : 30.86
Brazil	52.60	Dec/18	52.7	53.5 : 41.6
Canada	53.60	Dec/18	54.9	57.1 : 47.5
China	49.70	Dec/18	50.2	52.3 : 47.2
Euro Area	51.40	Dec/18	51.8	60.6 : 33.5
France	49.70	Dec/18	50.8	58.8 : 42.7
Germany	51.50	Dec/18	51.8	63.3 : 32
India	53.20	Dec/18	54	55 : 47.9
Indonesia	51.20	Dec/18	50.4	58.5 : 46.4
Italy	49.20	Dec/18	48.6	59 : 48
Japan	52.60	Dec/18	52.2	56.2 : 29.6
Mexico	49.70	Dec/18	49.7	57.1 : 49.2
Netherlands	57.20	Dec/18	56.1	63.4 : 48
Russia	51.70	Dec/18	52.6	54.7 : 47.6
Saudi Arabia	54.50	Dec/18	55.2	61.8 : 51.4
Singapore	51.10	Dec/18	51.5	53.1 : 48.3
South Africa	50.70	Dec/18	49.5	60.87 : 35.09
South Korea	49.80	Dec/18	48.6	52.6 : 45.7
Spain	51.10	Dec/18	52.6	56.1 : 41.1
Switzerland	57.80	Dec/18	57.7	66.9 : 32.9
Turkey	44.20	Dec/18	44.7	55.7 : 42.7
United Kingdom	54.20	Dec/18	53.6	61.5 : 34.4
United States	53.80	Dec/18	55.3	57.9 : 50.7