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.

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Italy Composite PMI


News Stream
Italy Composite PMI Falls in September
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.
2021-10-05
Italy Private Sector Grows the Most since 2006
The IHS Markit Italy Composite PMI increased to 59.1 in August of 2021 from 58.6 in July, pointing to the strongest growth in private sector activity since June of 2006. The upturn was broad-based across sectors, with the rate of expansion in manufacturing accelerating on the month (60.9 vs 60.3 in July) and continuing to outpace that for services (58), although the latter nonetheless continued to rise at the strongest rate for 14 years. Central to the quicker overall rate of expansion was a further rapid rise in inflows of new work. New export orders rose at the fourth-strongest pace in the series history. Subsequently, firms continued to increase their workforce numbers in August. Employment rose for the fourth month running. On the price front, input cost inflation slowed from July's near 21-year high and private sector firms again upped their average charges.
2021-09-03
Italy Private Sector Growth Accelerates Further in July
The IHS Markit Italy Composite PMI climbed to 58.6 in July of 2021 from 58.3 in the previous month, the quickest increase in Italian private sector output since January 2018. At the sector level, the upturn was broad-based, with manufacturing growth again outpacing that for services, despite the latter seeing the quickest rate of expansion for 14 years. New work increased for the sixth consecutive month and foreign demand also improved. Italian companies took on additional staff at the fastest rate since May 2006. Turning to prices, July data indicated severe inflationary pressures in the Italian private sector economy. Finally, business confidence remained robust in July. Sentiment moderated to a six-month low, but was still historically elevated.
2021-08-04
Italy Private Sector Growth at Over 3-Year High
The IHS Markit Italy Composite PMI rose to 55.7 in May 2021, signaling the quickest expansion in Italian private sector output for over three years, as services saw the first upturn since last July and manufacturing output growth remained amongst the strongest on record.
2021-06-03

Italy Last Unit Reference Previous Highest Lowest
Services PMI 55.50 points Sep/21 58.00 58.00 10.80
Manufacturing PMI 59.70 points Sep/21 60.90 62.30 31.10
Composite PMI 56.60 points Sep/21 59.10 59.10 10.90


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.