Italy PMI

Italy

Italy: Manufacturing PMI stable in November

December 1, 2014

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) in November was stable at October’s 49.0, thus remaining at the lowest level since May 2013.

November’s result reflects lower manufacturing output and new orders. According to Markit/ADACI, “[u]nmoved at 49.0, the PMI shows Italy’s manufacturing sector contracting further in November. Increasing inflows of new business from abroad are failing to replace the loss of new work domestically, with a drop in total new orders leading firms to rein in production for the second month running.”

FocusEconomics Consensus Forecast panelists see fixed investment rising 1.8% in 2014, which is down 0.4 percentage points from the previous month’s estimate. For 2015, the panel expects fixed investment to increase 0.7%, which is down 0.6 percentage points from last month’s estimate.


Author:, Senior Economist

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Italy PMI November 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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