The IHS Markit Italy Composite PMI fell to 49.2 in October 2020 from 50.4 in the previous month. A faster reduction in services activity (PMI at 46.7 from 48.8 in September) outweighed a sharp uptick in manufacturing output (PMI at 53.8 from 53.2). Central to the overall contraction was a renewed drop in inflows of new business during October, with the rate of reduction marginal overall. Looking ahead, firms' confidence with regards to output over the next 12 months moderated in October to the lowest since May and subdued in the context of the long-run series history. source: Markit Economics
Composite Pmi in Italy averaged 51.18 points from 2013 until 2020, reaching an all time high of 59 points in January of 2018 and a record low of 10.90 points in April of 2020. This page provides - Italy Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Composite PMI - values, historical data and charts - was last updated on December of 2020.
Composite Pmi in Italy is expected to be 45.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in Italy to stand at 52.80 in 12 months time. In the long-term, the Italy Composite Pmi is projected to trend around 53.40 points in 2021 and 54.00 points in 2022, according to our econometric models.