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.