Italy PMI September 2016


Italy: PMI returns to expansion in September

The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.8 in August to 51.0 in September, taking it above the 50-threshold that separates expansion from contraction in the manufacturing sector.

September’s result mainly reflected a return to growth in new orders, which, in the previous month, had dropped slightly for the first time in over one-and-a-half years. The increase in new orders, mainly driven by stronger demand from abroad, prompted output levels to grow at a faster pace than in August, though the rate of expansion was modest overall. In addition, manufacturers’ purchasing activity increased, contrasting August’s decline, though in this case too the rate of growth was minimal. Regarding price developments, input prices increased, most likely reflecting higher prices for metals, while output charges diminished for the ninth consecutive month.

Phil Smith, Economist at IHS Markit, added that, “September was a better month for Italian manufacturers, with an export-led increase in new orders driving slightly stronger production growth and job creation. However, the performance across the third quarter as a whole was disappointing, as the PMI recorded its three lowest readings seen since the start of 2015.”

FocusEconomics Consensus Forecast panelists see fixed investment growing 1.6% in 2016, which is unchanged from last month’s estimate. For 2017, the panel expects fixed investment to increase 1.3%.

Sample Report

Looking for forecasts related to PMI in Italy? Download a sample report now.


Italy PMI Chart

Italy PMI September 2016

Note: IHS Markit Purchasing Managers’ Index. Readings above 50 indicate an expansion in the manufacturing sector while readings below 50 point to a contraction.
Source: IHS Markit.

Italy Economic News

  • Italy: Business confidence hits over-one-year high in February

    February 24, 2017

    The National Institute of Statistics’ (Istat) composite business confidence indicator (IESE, Istat Economic Sentiment Indicator), which covers the manufacturing, construction, service and retail sectors, rose from 103.3 in January to a 14-month high of 104.0 in February. Three out of the four categories of the indicator improved compared to January: manufacturing, services and retail rose, with manufacturing obtaining the best result since February 2008.

    Read more

  • Italy: Consumer confidence declines in February

    February 24, 2017

    The National Institute of Statistics’ (Istat) consumer confidence index decreased from January’s 108.6 points to a five-month low of 106.6 points in February. February’s reading reflected a broad-based deterioration in almost all components of the index.

    Read more

  • Italy: Inflation in January hits highest rate since August 2013

    February 22, 2017

    According to revised data released by the National Statistical Institute (Istat), consumer prices grew 0.3% from the previous month in January (previously reported: +0.2% month-on-month), down from December’s 0.4% increase.

    Read more

  • Italy: Economy decelerates slightly in Q4

    February 15, 2017

    Italian GDP grew 0.2% over the previous quarter in Q4 in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (ISTAT) on 14 February.

    Read more

  • Italy: Industrial production accelerates in December

    February 14, 2017

    Industrial output in Italy grew 1.4% in December on a month-on-month seasonally adjusted basis, a significant acceleration from the 0.8% expansion registered in November and overshooting analysts’ expectations of a flat reading.

    Read more

More news

Search form