The S&P Global Italy Composite PMI fell to 47.7 in July of 2022 from 51.3 in the prior month, pointing to the first contraction in Italy’s private sector since January of 2021. Activity declined both in the manufacturing (48.5 vs 50.9 in June) and the services (48.4 vs 51.6) sectors, as the first decline in new work in 18 months pressured aggregate production to contract. The decrease was more pronounced for manufacturers, but still seen in a widespread manner. The dent in business activity drove firms to catch up on outstanding business, easing capacity pressures. In the meantime, firms continued to take in additional staff in July, albeit at the slowest pace in 15 months amid a reduced intake for manufacturers. Also, input inflation was seen broadly lower for both sectors, but remained well above the long term averages. Looking forward, geopolitical uncertainty and the negative outlook on the economy lowered business confidence to its lowest since May of 2020. source: Markit Economics
Composite PMI in Italy averaged 51.45 points from 2013 until 2022, reaching an all time high of 59.10 points in August of 2021 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Composite PMI in Italy is expected to be 54.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Composite PMI is projected to trend around 55.10 points in 2023 and 54.00 points in 2024, according to our econometric models.