The IHS Markit Italy Manufacturing PMI rose to 60.9 in August of 2021 from 60.3 in July and above market expectations of 60.1. The latest reading signal a fourteenth successive monthly improvement in the health of the sector and one that was substantial overall. Moreover, the latest reading was the third highest on record, behind only May and June. Output and new orders rose at quicker rates and rapidly overall amid reports of strong demand conditions. Subsequently, backlogs of work increased again, and companies continued to take on additional staff. Inflationary pressures meanwhile remained severe, although the rates of increase in both costs and charges eased on the month. Looking ahead, firms registered the strongest level of sentiment towards output over the next 12 months since December 2020. source: Markit Economics
Manufacturing PMI in Italy averaged 52.13 points from 2012 until 2021, reaching an all time high of 62.30 points in May 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 September of 2021.
Manufacturing PMI in Italy is expected to be 59.50 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 2022 and 53.80 points in 2023, according to our econometric models.