The S&P Global Italy Composite PMI fell to 52.4 in May of 2022 from 54.5 in the prior month, signaling the 16th consecutive upturn in Italy’s private sector. While maintaining the expansionary trend, growth slowed both for the services sector (53.7 vs 55.7 in April) and the manufacturing sector (51.9 vs 54.5), which slipped to a 23-month low. High levels of new work prompted an upturn in business activity, which offset the first decline in factory production for manufacturers in 2-years, as the sector struggled with ongoing supply issues and weak demand. Manufacturers also recorded a slower pace of expansion for new orders, while demand for service providers was seen higher for both domestic and foreign markets. Still, capacity pressures continued to build for both sectors, and significant inflationary pressure was felt all around. Hopes of improved demand uplifted expectations for factory activity, while rising inflation dented the service sector’s confidence. source: Markit Economics
Composite PMI in Italy averaged 51.49 points from 2013 until 2022, reaching an all time high of 59.10 points in August of 2021 and a record low of 10.90 points in April of 2020. This page provides - Italy Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Composite PMI in Italy is expected to be 54.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Composite PMI is projected to trend around 55.10 points in 2023 and 54.00 points in 2024, according to our econometric models.