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.