Skyline of Florence, Italy

Italy PMI December 2023

Italy: Manufacturing PMI picks up in December

The HCOB Manufacturing Purchasing Managers’ Index (PMI) came in at 45.3 in December, up from November’s 44.4. Consequently, the index remained below the 50.0 no-change threshold, signaling a continued deterioration in manufacturing sector operating conditions from the previous month.

November’s result was driven by softer contractions in output and new orders. Meanwhile, inventories were reduced at a faster pace than in November. On the price front, input prices fell at the joint-strongest pace in four months and businesses reduced output prices, albeit only marginally. Lastly, manufacturers grew more optimistic over the outlook for future activity amid product diversity plans, hopes of recovering demand.

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