Italy PMI

Italy

Italy: Manufacturing PMI falls to 19-month low in December

January 2, 2015

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) declined from 49.0 in November to 48.4 in December, marking the lowest reading in 19 months. As a result, the index fell deeper into contractionary territory.

December’s result reflected a deterioration in manufacturing output, new orders and employment. According to Markit/ADACI, “manufacturing output decreased for the third month running in December and, although only modest, the rate of contraction was the fastest in this sequence.” Markit also pointed out that the drop in new orders was the largest since May 2013.

FocusEconomics Consensus Forecast panelists see fixed investment rising 0.1% in 2015, which is up 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 1.7%.


Author:, Economist

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Italy PMI Chart


Italy PMI December 2014

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


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