The IHS Markit Italy Manufacturing PMI rose to 53.1 in August 2020 from 51.9 in the previous month, beating market expectations of 52.0. The latest reading signaled a second consecutive monthly improvement in operating conditions and the strongest since June 2018. Output and new orders grew by the most since February 2018 and purchasing activity rose for the first time since June 2018, as looser lockdown restrictions and the reopening of the economy continued to revive client demand. At the same time, firms continued to cut jobs, with some panelists mentioning redundancies and shorter working hours. On the price front, cost burdens continued to rise and average charges fell again. Looking ahead, business sentiment was the strongest in the series history on hopes of an economic recovery and improved sales forecasts.
Manufacturing PMI in Italy averaged 51.52 points from 2012 until 2020, reaching an all time high of 59 points in January of 2018 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 September of 2020. source: Markit Economics
Manufacturing PMI in Italy is expected to be 47.00 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 53.00 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 54.00 points in 2021 and 53.80 points in 2022, according to our econometric models.