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.

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Italy Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
60.90 60.30 62.30 31.10 2012 - 2021 points Monthly
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News Stream
Italy Manufacturing PMI Third-Highest on Record
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.
2021-09-01
Italy Manufacturing Growth Remains Close to Record
The IHS Markit Italy Manufacturing PMI declined to 60.3 in July of 2021 from 62.2 in the previous month, below market expectations of 61.5 and the lowest since March as capacity pressures and supply disruptions hindered the performance of the sector. Nonetheless, the latest reading was the fourth highest on record and pointed to a rapid improvement in the health of the manufacturing sector. Strong rates of increase in both factory production and order book volumes remained key to overall growth in July. The rate of job creation was the joint fourth quickest on record, despite slowing on the month. Input prices rose at the second quickest pace on record and firms increased their average charges at the steepest rate in the series history. Looking ahead, the level of sentiment moderated to a 15-month low amid rising COVID-19 cases and the potential for further containment measures.
2021-08-02
Italy Manufacturing Growth Holds at Record High Levels
The IHS Markit Italy Manufacturing PMI stood at 62.2 in June 2021, little-changed from the previous month's record high of 62.3 and in line with market expectations. Output rose steeply again, with the rate of increase slowing only fractionally from May's recent high, while sales continued to surge. As a result, capacity pressures intensified, and goods producers continued to take on additional staff at a near record pace.
2021-07-01
Italy Manufacturing Breaks Growth Records in May
The IHS Markit Italy Manufacturing PMI rose to a fresh series high of 62.3 in May of 2021 from 60.7 in April, above market expectations of 62 and signaling the most marked improvement in manufacturing conditions since the survey began in June 1997. Output growth remained among the strongest in survey history amid record upturns in new orders and employment, as client demand continued to surge midway through the second quarter. However, supply chain disruptions remained severe, with inflationary pressures strengthening further as a result. Looking ahead, business confidence remained robust, with optimism linked to robust demand and hopes of a sustained economic rebound. The level of sentiment moderated since April, but was broadly in line with the series average.
2021-06-01

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.