Italy PMI


Italy: Manufacturing PMI rebounds in September

October 1, 2014

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) inched up to 50.7 in September. The result was up from the 49.8 recorded in August, which had marked the lowest level in 14 months. As a result, the index is now back above the 50-threshold indicating expansion in the manufacturing sector.

According to Markit/ADACI, even though the index moved back into positive territory in September, the recovery is still fragile. Employment and output recorded a modest improvement compared to the previous month. However, new-order growth has slowed, which points out weakness coming from the domestic side. Downward movements were recorded in producer prices as manufacturers sought to boost sales through discounting.

FocusEconomics Consensus Forecast panelists see fixed investment rising 0.3% in 2014, which is down 0.7 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 2.0%.

Author:, Senior Economist

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Italy PMI Chart

Italy PMI September 2014 0

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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