Italy Factory Growth Hits Over 2-1/2-Year High

2025-12-01 09:15 By Luisa Carvalho 1 min. read

The HCOB Italy Manufacturing PMI rose to 50.6 in November 2025, up from 49.9 in October and above the 50.3 forecast, marking the first expansion in three months and the strongest since March 2023.

The improvement was driven by a revival in total new orders, which recorded the fastest growth in over three-and-a-half years, supported by higher domestic and export demand.

Exports rose for the first time in six months, with the growth rate the highest in 45 months.

Production volumes, however, rose at a softer and only slight pace in November, prompting firms to continue making reductions to their workforce and purchasing activity.

Supply chain conditions remained strained, with delivery times lengthening moderately.

Cost pressures intensified sharply, with input prices rising at the fastest pace in three years, although selling prices rose more moderately due to competitive pressures.

Firms remained optimistic for the year ahead, with sentiment easing from October but still above trend.



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Italy Factory Growth Hits Over 2-1/2-Year High
The HCOB Italy Manufacturing PMI rose to 50.6 in November 2025, up from 49.9 in October and above the 50.3 forecast, marking the first expansion in three months and the strongest since March 2023. The improvement was driven by a revival in total new orders, which recorded the fastest growth in over three-and-a-half years, supported by higher domestic and export demand. Exports rose for the first time in six months, with the growth rate the highest in 45 months. Production volumes, however, rose at a softer and only slight pace in November, prompting firms to continue making reductions to their workforce and purchasing activity. Supply chain conditions remained strained, with delivery times lengthening moderately. Cost pressures intensified sharply, with input prices rising at the fastest pace in three years, although selling prices rose more moderately due to competitive pressures. Firms remained optimistic for the year ahead, with sentiment easing from October but still above trend.
2025-12-01