The S&P Global Italy Manufacturing PMI fell to 51.9 in May of 2022 from 54.5 in the prior month, the lowest since November of 2020 and missing market expectations of 53.5. Albeit at a slower pace, it was the 23rd consecutive month of expansion in Italy’s manufacturing sector. The lower upturn was driven by weaker levels of output and new orders during the month, with factory production dropping for the first time since May of 2020. In the price front, inflationary pressures showed signs of easing during and fell to a three-month low. Still, average costs faced by manufacturers continued to rise due to higher prices for raw materials and transportation. At the same time, firms recorded persistent growth in job creation, extending the run to 21-months. Looking forward, business confidence improved from the previous period due to expectations of improved demand and lower supply disruptions. source: Markit Economics
Manufacturing PMI in Italy averaged 52.58 points from 2012 until 2022, reaching an all time high of 62.80 points in November of 2021 and a record low of 31.10 points in April of 2020. This page provides the latest reported value for - Italy Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Manufacturing PMI in Italy is expected to be 53.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Manufacturing PMI is projected to trend around 55.00 points in 2023 and 52.00 points in 2024, according to our econometric models.