The IHS Markit Italy Composite PMI fell to 56.6 in September of 2021 from a 15-year high of 59.1 in August, pointing to the slowest although solid growth in private sector activity in four months. Goods producers continued to lead the expansion (59.7 vs 60.9 in August), recording a quicker upturn than the service sector (55.5 vs 58), although both saw the rate of increase in output slow on the month. Driving the overall upturn was a further sharp rise in inflows of new work to Italian companies. Order book growth did slow to a five-month low, but remained sharp nonetheless. September data also highlighted a further round of job creation, extending the current sequence to five months. Cost pressures intensified further in September, with the rate of input price inflation accelerating since August to a rapid pace. Subsequently, firms raised their selling prices sharply. Finally, business confidence edged up to a three-month high and remained historically elevated. source: Markit Economics
Composite PMI in Italy averaged 51.31 points from 2013 until 2021, 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 October of 2021.
Composite PMI in Italy is expected to be 54.50 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 2022 and 54.00 points in 2023, according to our econometric models.