The S&P Global Italy Composite PMI rose to 49.6 in August of 2022 from 47.7 in the previous month, but still pointed the second consecutive decline in the Italian private sector. Activity fell further for the manufacturing sector (48 vs 48.5 in July), offsetting the slight rebound in the services sector (50.5 vs 48.4), as the decline in new orders were more pronounced among Italian factories while service providers saw a slight increase in production. Poorer demand conditions for both sectors led to reduced workloads at an aggregate level, reflecting a third consecutive drop in backlogs of work. At the same time, hiring activity picked up for both sectors, albeit at a slower pace. On the price front, input and charge inflation eased across the board, but remained high at a historical level. Looking forward, low demand conditions led business confidence to remain historically subdued. source: Markit Economics

Composite PMI in Italy averaged 51.43 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 September of 2022.

Composite PMI in Italy is expected to be 54.80 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.

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Italy Composite PMI



Related Last Previous Unit Reference
Services PMI 50.50 48.40 points Aug 2022
Manufacturing PMI 48.00 48.50 points Aug 2022
Composite PMI 49.60 47.70 points Aug 2022

Italy Composite PMI
The Italy Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report' shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion' index. This index is the sum of the positive responses plus a half of those responding ‘the same'. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
49.60 47.70 59.10 10.90 2013 - 2022 points Monthly
SA

News Stream
Italy Private Sector Activity Declines for 2nd Month
The S&P Global Italy Composite PMI rose to 49.6 in August of 2022 from 47.7 in the previous month, but still pointed the second consecutive decline in the Italian private sector. Activity fell further for the manufacturing sector (48 vs 48.5 in July), offsetting the slight rebound in the services sector (50.5 vs 48.4), as the decline in new orders were more pronounced among Italian factories while service providers saw a slight increase in production. Poorer demand conditions for both sectors led to reduced workloads at an aggregate level, reflecting a third consecutive drop in backlogs of work. At the same time, hiring activity picked up for both sectors, albeit at a slower pace. On the price front, input and charge inflation eased across the board, but remained high at a historical level. Looking forward, low demand conditions led business confidence to remain historically subdued.
2022-09-05
Italy Private Sector Activity Declines
The S&P Global Italy Composite PMI fell to 47.7 in July of 2022 from 51.3 in the prior month, pointing to the first contraction in Italy’s private sector since January of 2021. Activity declined both in the manufacturing (48.5 vs 50.9 in June) and the services (48.4 vs 51.6) sectors, as the first decline in new work in 18 months pressured aggregate production to contract. The decrease was more pronounced for manufacturers, but still seen in a widespread manner. The dent in business activity drove firms to catch up on outstanding business, easing capacity pressures. In the meantime, firms continued to take in additional staff in July, albeit at the slowest pace in 15 months amid a reduced intake for manufacturers. Also, input inflation was seen broadly lower for both sectors, but remained well above the long term averages. Looking forward, geopolitical uncertainty and the negative outlook on the economy lowered business confidence to its lowest since May of 2020.
2022-08-03
Italy Private Sector Growth Slows in June
The S&P Global Italy Composite PMI fell to 51.3 in June of 2022 from 52.4 in the prior month, signaling the 17th consecutive upturn in Italy’s private sector. While maintaining its expansionary trend, growth slowed both for the services sector (51.6 vs 53.7 in May) and the manufacturing sector (50.9 vs 51.9), which slipped to a 2-year low. Output in Italy’s private sector rose at the slowest pace since January, while aggregate growth of new work stalled as a sharp reduction in new orders among manufacturers offset a sustained level of new business for service providers. Still, job creation continued its upward trend, albeit at a slightly slower pace. On the price front, aggregate input costs rose at the second-fastest pace on survey record, nearly matching the peak seen in March. Looking forward, rising uncertainty and soaring prices pressured business confidence to 18-month lows for the Italian private sector.
2022-07-05