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.

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Italy Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 53.70 55.70 points May 2022
Manufacturing PMI 51.90 54.50 points May 2022
Composite PMI 52.40 54.50 points May 2022

Italy Manufacturing PMI
In Italy, the Markit Italy Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
51.90 54.50 62.80 31.10 2012 - 2022 points Monthly
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News Stream
Italy Manufacturing Growth Slows Further
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 improve from the previous period due to expectations of improved demand and lower supply disruptions.
2022-06-01
Italy Manufacturing Growth Slows Further
The S&P Global Italy Manufacturing PMI fell to 54.5 in April of 2022 from 55.8 in the prior month, the 22nd consecutive growth month but the lowest since December of 2020. Italian manufacturers registered the slowest output growth since June of 2020. Panelists cited lower demand across the economy, with a slower rate of expansion in total order book volumes. Supply delays and raw material shortages also played a part in hampering production, with lead times for inputs at 28-month highs. Consequently, firms noted that cost inflation rose to a four-month high, led by surging energy, material, and transportation prices. In response, producers continued to increase the price passed to customers. In the meantime, capacity pressures rose further, spurring manufacturers to take on additional staff. Looking forward, firms remained optimistic but at subdued levels, with the war in Ukraine and inflationary pressures increasing uncertainty.
2022-05-02
Italy Manufacturing Growth Slows Further
The S&P Global Italy Manufacturing PMI fell to 55.8 in March of 2022 from a 58.3 in the prior month, the 21st consecutive growth month but the lowest since January of 2021. Italian manufacturers registered continued growth in factory production and new orders, but at the slowest pace in 15 months. Panelists cited ongoing supply-chain issues as the main reason for slower expansion, with the uncertainty stemmed from the war in Ukraine dampening demand. Cost pressures also intensified, with the latest figure being the quickest since December, driven by surging raw material costs, transportation fees, energy bills, and supply issues. Issues in sourcing the necessary inputs consequently pressured capacity for manufacturers. Backlogs of work rose further and firms continued to increase employment levels. Still, firms maintained a degree of optimism, citing projections of strong client demand in the next 12 months despite the uncertainty due to war in Ukraine.
2022-04-01