The HBOC Italy Manufacturing PMI fell to 45.9 in May 2023 from 46.8 in April, the steepest contraction for three years and compared with market expectations of 45.6. Production experienced the most significant decline since October of the previous year, while new work fell at a rate not seen since November 2022. However, there was an increase in hiring activity, albeit at a modest rate, which was the slowest growth observed so far this year. In terms of prices, input prices recorded the most substantial fall in 14 years, while output prices decreased for the third consecutive month and at the steepest pace in three years. Finally, although optimism dropped to a three-month low, it remained above the long-term trend. source: Markit Economics

Manufacturing PMI in Italy averaged 52.24 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 June of 2023.

Manufacturing PMI in Italy is expected to be 45.40 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 50.40 points in 2024 and 50.30 points in 2025, according to our econometric models.

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Italy Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 54.00 57.60 points May 2023
Manufacturing PMI 45.90 46.80 points May 2023
Composite PMI 52.00 55.30 points May 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
45.90 46.80 62.80 31.10 2012 - 2023 points Monthly
SA

News Stream
Italy Factory Activity Shrinks the Most in 3 Years
The HBOC Italy Manufacturing PMI fell to 45.9 in May 2023 from 46.8 in April, the steepest contraction for three years and compared with market expectations of 45.6. Production experienced the most significant decline since October of the previous year, while new work fell at a rate not seen since November 2022. However, there was an increase in hiring activity, albeit at a modest rate, which was the slowest growth observed so far this year. In terms of prices, input prices recorded the most substantial fall in 14 years, while output prices decreased for the third consecutive month and at the steepest pace in three years. Finally, although optimism dropped to a three-month low, it remained above the long-term trend.
2023-06-01
Italian Manufacturing Activity Shrinks More than Expected
The HBOC Italy Manufacturing PMI sank to 46.8 in April of 2023 from 51.1 in the previous month, well below market expectations of 49 to show the sector’s first contraction this year and the fastest since October of 2022. The period saw a sharp reversal in levels of new orders, both in foreign and domestic markets, pressured by increased client hesitancy as financial conditions have tightened considerably in the Euro area. Consequently, low sales pressured production requirements and output fell the most since November, although the clearance of work backlogs eased the downturn. Still, employment growth continued to be sustained. On the price front, reduced energy costs and improved supply chains lowered input price inflation to its least in nearly three years, while the decline in output charge inflation was more modest. Looking forward, business confidence remained positive as firms hoped for some economic recovery in Europe.
2023-05-02
Italian Factory Activity Expands in March
The S&P Global Italy Manufacturing PMI eased to 51.1 in March of 2023 from 52 in the previous month, slightly ahead of market estimates of 51 to seal the third consecutive month of expansion in Italian factory activity. Factory output grew at a solid pace, supported by some gains in new business and the clearance of backlogs of work. While new orders extended its growth momentum, rising interest rates and global economic uncertainty underscored a relatively shy pace of expansion. The cautious mood also drove firms to cut purchasing during the period. In the meantime, hiring activity expanded its growth momentum to two-and-a-half years of consecutive monthly increases. On the price front, evidence of lower supply constraints and improved delivery times reduced input price inflation, encouraging firms to lower their output charge prices. Looking ahead, lower inflation lifted business confidence to an 18-month high.
2023-04-03