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.

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Italy Composite PMI



Related Last Previous Unit Reference
Services PMI 53.70 55.70 points May 2022
Manufacturing PMI 51.90 54.50 points May 2022
Composite PMI 52.40 54.50 points May 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
52.40 54.50 59.10 10.90 2013 - 2022 points Monthly
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News Stream
Italy Private Sector Activity Moderates in May
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.
2022-06-03
Italy Private Sector Growth Picks Up in April
The S&P Global Italy Composite PMI rose to 54.5 in April of 2022 from 52.1 in the prior month, signaling the 15th consecutive upturn in Italy’s private sector and the fastest since December. A strong month for the services sector (55.7 vs 52.1 in March) was enough to offset the deceleration in activity for the manufacturing sector (54.5 vs 55.8), which slipped to a 22-month low. Inflows of new business rose for the services sector, prompted by both foreign and domestic demand, while business activity significantly slowed for manufacturers. In the meantime, cost inflation rose to a four-month high for manufacturing firms, driven by raw material shortages and supply chain problems. Costs also continued to rise for service providers, albeit at a slower rate than March’s record, with both sectors significantly charging clients more. Looking forward, business confidence remained positive but subdued for manufacturers, while higher demand improved expectations for service firms.
2022-05-04
Italy Private Sector Activity Moderates
The S&P Global Italy Composite PMI eased to 52.1 in March of 2022, from the 53.6 in the previous month, signaling the fourteenth consecutive upturn in Italy’s private sector, albeit at a slower pace. Both the services sector (52.1 vs 52.8 in February) and manufacturing sector (55.8 vs 58.3) eased in growth. Overall inflows of new business continued to rise for both sectors in March, while also recording a further rise in backlogs of work and faster upturns in staffing levels. Meanwhile, the rate of cost inflation hit a record high for service providers and manufacturers, with both sectors partially transferring the higher cost burden to clients. Looking forward, business confidence moderated to a 16-month low, largely due to effects of the war in Ukraine, although firms remain optimistic with regards to activity over the year.
2022-04-05