Skyline of Florence, Italy

Italy PMI October 2021

Italy: Manufacturing PMI improves in October

The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 61.1 in October, up from September’s 59.7. As a result, the index moved further above the 50-threshold, signaling a faster improvement in business conditions compared to the previous month.

The uptick came on the back of stronger client demand, with the fastest increase in new orders since June recorded in October. Moreover, production rose steeply again, despite persistent supply disruptions leading to material shortages and logistical issues. Accordingly, input costs increased at the third highest rate on record. Consequently, factory gate prices rose at one of the fastest paces on record. Meanwhile, pressures on capacity led to robust job creation, which rose at the fastest pace in three months.

On the outlook, Lewis Cooper, economist at IHS Markit, noted:

“The sector remains in good stead overall, […] with the loss of output growth momentum mainly reflecting [supply] issues, whilst sales pipelines remain strong. But, with demand for inputs rising across the globe, we could see supply constraints have a more significant impact on the performance of Italy’s manufacturing sector before the end of the year.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest