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.