Italy Manufacturing PMI

The IHS Markit Italy Manufacturing PMI decreased to 47.7 in February 2019 from 47.8 in the previous month and compared to market expectations of 47.2. The reading pointed to the fifth consecutive month of contraction in the factory sector, as new orders shrank at the quickest pace since May 2013 and output declined for the seventh straight month. Also, backlogs of work and purchasing activity decreased for the eleventh and eight consecutive month respectively. Meanwhile, new export orders rose amid greater demand from the UK and Germany and job creation rose marginally mainly due to expectations of a recovery in domestic demand. On the price front, input prices rose at a faster pace boosted by higher prices of raw material. Finally, confidence among Italian manufacturers regarding the year ahead outlook for output improved to a 5-month high, amid new product launches and a recovery in overall demand conditions. Manufacturing PMI in Italy is reported by Markit Economics.

Manufacturing PMI in Italy is expected to be 47.60 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 51.60 in 12 months time. In the long-term, the Italy Manufacturing PMI is projected to trend around 53.80 in 2020, according to our econometric models.

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Italy Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	101.70	102.00	121.52	71.60	Index Points	[+]
Manufacturing PMI	47.70	47.80	59.00	47.70		[+]
Services PMI	50.40	49.70	57.70	42.30	Index Points	[+]
Industrial Production	-0.80	-5.50	17.50	-26.00	percent	[+]
Industrial Production Mom	1.70	-0.70	13.50	-14.80	percent	[+]
Manufacturing Production	-2.60	-5.50	19.40	-26.90	percent	[+]
Capacity Utilization	78.70	77.90	81.00	64.90	percent	[+]
New Orders	109.60	107.50	140.30	4.16	Index Points	[+]
Factory Orders	1.80	-1.40	14.30	-12.30	percent	[+]
Changes in Inventories	-1878.40	68.40	5357.70	-4872.80	EUR Million	[+]
Zew Economic Sentiment Index	-36.40	-35.40	80.40	-61.60		[+]
Car Registrations	177825.00	164864.00	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	-4.60	-2.80	47.40	-26.20	percent	[+]
Steel Production	1959.00	1655.00	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	49.60	48.80	59.00	48.80		[+]
Bankruptcies	2170.00	2949.00	4543.00	955.00	Companies	[+]
Ease of Doing Business	51.00	46.00	87.00	44.00		[+]
Electricity Production	26840.00	24063.00	29587.00	21113.00	Gigawatt-hour	[+]
Corruption Index	52.00	50.00	55.00	29.90	Points	[+]
Corruption Rank	53.00	54.00	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 March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	47.70	47.80	59.00	47.70	2012 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	54.00	Feb/19	52.5	62.5 : 29.47
Brazil	53.40	Feb/19	52.7	53.5 : 41.6
Canada	52.60	Feb/19	53	57.1 : 47.5
China	49.90	Feb/19	48.3	52.3 : 47.2
Euro Area	49.30	Feb/19	50.5	60.6 : 33.5
France	51.50	Feb/19	51.2	58.8 : 42.7
Germany	47.60	Feb/19	49.7	63.3 : 32
India	54.30	Feb/19	53.9	55 : 47.9
Indonesia	50.10	Feb/19	49.9	58.5 : 46.4
Italy	47.70	Feb/19	47.8	59 : 47.7
Japan	48.90	Feb/19	50.3	56.2 : 29.6
Mexico	52.60	Feb/19	50.9	57.1 : 49.2
Netherlands	52.70	Feb/19	55.1	63.4 : 48
Russia	50.10	Feb/19	50.9	54.7 : 47.6
Saudi Arabia	56.60	Feb/19	56.2	61.8 : 51.4
Singapore	50.40	Feb/19	50.7	53.1 : 48.3
South Africa	46.20	Feb/19	49.9	60.87 : 35.09
South Korea	47.20	Feb/19	48.3	52.6 : 45.7
Spain	49.90	Feb/19	52.4	56.1 : 41.1
Switzerland	55.40	Feb/19	54.3	66.9 : 32.8
Turkey	46.40	Feb/19	44.2	55.7 : 42.7
United Kingdom	52.00	Feb/19	52.6	61.5 : 34.4
United States	53.00	Feb/19	54.9	57.9 : 50.7