The S&P Global Italy Manufacturing PMI fell to 50.9 in June of 2022 from 51.9 in the prior month, the lowest since June of 2020 but surpassing expectations of 50.5. Albeit at a slower pace, it was the 24th consecutive month of expansion in Italy’s manufacturing sector. Production levels were seen marginally higher, driven solely by backlogs of work since demand for new work plummeted to levels near survey-low, with firms citing economic uncertainty and higher prices for the decline in demand. On the price front, inflationary pressures remained elevated in June, driven by energy, fuel, and raw materials, but the rate of increase was slightly lower from the previous month. Still, manufacturers cited a steady increase in employment. Looking forward, lower expectations of future productions pressed business confidence to its lowest since March of 2020. source: Markit Economics
Manufacturing PMI in Italy averaged 52.56 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 July of 2022.
Manufacturing PMI in Italy is expected to be 52.50 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 2023 and 52.00 points in 2024, according to our econometric models.