The IHS Markit Italy Manufacturing PMI declined to 59.7 in September 2021, from 60.9 in the previous month but still beating market expectations of 59.4, pointing to the slowest rate of expansion since February, but one that was still rapid overall. Both production and new orders continued to expand at solid rates, with inflows of new work from abroad rising steeply. Meanwhile, average lead times for inputs lengthened substantially again, with delays the fourth most severe on record due to material shortage and transport problems. Stocks of purchases fell sharply, while backlogs of work rose at a faster pace and the rate of job creation accelerated. On the price front, input cost inflation remained high, while the rate of increase in average charges was the fourth steepest in the series history. source: Markit Economics

Manufacturing PMI in Italy averaged 52.20 points from 2012 until 2021, reaching an all time high of 62.30 points in May 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 October of 2021.

Manufacturing PMI in Italy is expected to be 59.50 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 55.00 points in 2022 and 53.80 points in 2023, according to our econometric models.

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Italy Manufacturing PMI


News Stream
Italy Manufacturing Growth Remains Strong
The IHS Markit Italy Manufacturing PMI declined to 59.7 in September 2021, from 60.9 in the previous month but still beating market expectations of 59.4, pointing to the slowest rate of expansion since February, but one that was still rapid overall. Both production and new orders continued to expand at solid rates, with inflows of new work from abroad rising steeply. Meanwhile, average lead times for inputs lengthened substantially again, with delays the fourth most severe on record due to material shortage and transport problems. Stocks of purchases fell sharply, while backlogs of work rose at a faster pace and the rate of job creation accelerated. On the price front, input cost inflation remained high, while the rate of increase in average charges was the fourth steepest in the series history.
2021-10-01
Italy Manufacturing PMI Third-Highest on Record
The IHS Markit Italy Manufacturing PMI rose to 60.9 in August of 2021 from 60.3 in July and above market expectations of 60.1. The latest reading signal a fourteenth successive monthly improvement in the health of the sector and one that was substantial overall. Moreover, the latest reading was the third highest on record, behind only May and June. Output and new orders rose at quicker rates and rapidly overall amid reports of strong demand conditions. Subsequently, backlogs of work increased again, and companies continued to take on additional staff. Inflationary pressures meanwhile remained severe, although the rates of increase in both costs and charges eased on the month. Looking ahead, firms registered the strongest level of sentiment towards output over the next 12 months since December 2020.
2021-09-01
Italy Manufacturing Growth Remains Close to Record
The IHS Markit Italy Manufacturing PMI declined to 60.3 in July of 2021 from 62.2 in the previous month, below market expectations of 61.5 and the lowest since March as capacity pressures and supply disruptions hindered the performance of the sector. Nonetheless, the latest reading was the fourth highest on record and pointed to a rapid improvement in the health of the manufacturing sector. Strong rates of increase in both factory production and order book volumes remained key to overall growth in July. The rate of job creation was the joint fourth quickest on record, despite slowing on the month. Input prices rose at the second quickest pace on record and firms increased their average charges at the steepest rate in the series history. Looking ahead, the level of sentiment moderated to a 15-month low amid rising COVID-19 cases and the potential for further containment measures.
2021-08-02

Italy Last Unit Reference Previous Highest Lowest
Services PMI 55.50 points Sep/21 58.00 58.00 10.80
Manufacturing PMI 59.70 points Sep/21 60.90 62.30 31.10
Composite PMI 56.60 points Sep/21 59.10 59.10 10.90


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.