Italy PMI

Italy

Italy: PMI climbs to highest value since March 2011 in December

January 1, 2016

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) rose from 54.9 in November to 55.6 in December, which marked the highest reading since March 2011. As a consequence, the index is now further above the 50-threshold that separates expansion from contraction in the manufacturing sector.

December’s result mainly reflected faster growth rates in output, new orders and employment, with the latter recording a five-month high. In addition, output grew at its fastest rate in over four-and-a-half years. Markit/ADACI commented that, “a weak euro, recovering domestic demand and falling global commodity prices have provided the necessary tailwinds to get things moving.“

FocusEconomics Consensus Forecast panelists see fixed investment growing 0.8% in 2016, which is down 0.1 percentage points from the previous month’s estimate. For 2017, the panel expects fixed investment to increase 2.1%.


Author:, Economist

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Italy PMI Chart


Italy PMI December 2015

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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