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Italy PMI January 2024

Italy: Manufacturing PMI rises in January

The HCOB Italy Manufacturing PMI improved to 48.5 in January from 45.3 in December. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month.

Italian manufacturers experienced a slowdown in the decline of output and new orders. This was accompanied by lengthening delivery times for inputs, indicating supply chain disruptions. Despite these challenges, there were positive signs such as increased confidence. However, concerns about geopolitical tensions persisted.

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