The S&P Global Italy Manufacturing PMI rose to 50.4 in January of 2023 from 48.5 in the previous month, well above market forecasts of 49.6 to mark the sector’s first expansion since June of 2022. Factory output rebounded to show marginal growth for the first time in seven months. Still, production was limited by the ninth consecutive decline in incoming new orders as higher borrowing costs and recession fears weighed, albeit at a slower pace compared to the last period. Consequently, backlogs of work narrowed sharply in the month. In the meantime, employment levels rose solidly at the start of the year, extending the momentum of headcount growth to 29 months. On the price front, manufacturers noted that input price inflation continued to slow, dropping to the softest since August 2020 due to lower petrochemical prices. Output price inflation also edged down, although price levels remained notably above those of inputs. Lastly, confidence strengthened amid hopes of recovery. source: Markit Economics

Manufacturing PMI in Italy averaged 52.34 points from 2012 until 2023, 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 February of 2023.

Manufacturing PMI in Italy is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Italy Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 51.20 49.90 points Jan 2023
Manufacturing PMI 50.40 48.50 points Jan 2023
Composite PMI 51.20 49.60 points Jan 2023

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
50.40 48.50 62.80 31.10 2012 - 2023 points Monthly
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News Stream
Italian Factory Activity Rebounds in January
The S&P Global Italy Manufacturing PMI rose to 50.4 in January of 2023 from 48.5 in the previous month, well above market forecasts of 49.6 to mark the sector’s first expansion since June of 2022. Factory output rebounded to show marginal growth for the first time in seven months. Still, production was limited by the ninth consecutive decline in incoming new orders as higher borrowing costs and recession fears weighed, albeit at a slower pace compared to the last period. Consequently, backlogs of work narrowed sharply in the month. In the meantime, employment levels rose solidly at the start of the year, extending the momentum of headcount growth to 29 months. On the price front, manufacturers noted that input price inflation continued to slow, dropping to the softest since August 2020 due to lower petrochemical prices. Output price inflation also edged down, although price levels remained notably above those of inputs. Lastly, confidence strengthened amid hopes of recovery.
2023-02-01
Italy Factory Activity Continues to Contract
The S&P Global Italy Manufacturing PMI edged higher to 48.5 in December of 2022 from 48.4 in November, matching market forecasts, and pointing to a sixth straight month of falling factory activity amid weak demand conditions. Both output and new work declined further albeit at a slower pace. Purchasing activity also declined as firms were paring back on input buying in response to weak sales. Pre-production inventories declined for the second time in three months and moderately overall. Lead times for inputs lengthened further, however, amid reports of transport issues and shortages, although delays were the least severe since September 2020. Meanwhile, employment rose marginally and prices continued to increase, prompted by energy, materials and packaging. On the other hand, business sentiment strengthened to a seven-month high amid hopes of a recovery in key markets, improvements in demand and new investments.
2023-01-02
Italian Factory Activity Contracts for Fifth Month
The S&P Global Italy Manufacturing PMI rose slightly to 48.4 in November of 2022 from 46.5 in the prior month and above expectations of 47. It was the fifth consecutive monthly deterioration in the manufacturing sector's health. Production continued to decline amid further contractions in new orders, with respondents noting lower client demand amid economic uncertainty and inflationary pressures. Inventories leveled off in November, with pre-production and finished goods inventories remaining unchanged from the previous month. In the meantime, staffing levels were seen higher as manufacturers anticipated a rebound in demand. On the price front, costs faced by firms increased again, with energy and raw materials being the primary drivers of inflation. Still, the rate of increase was the weakest since October 2020. Finally, business confidence remained muted.
2022-12-01