Italy PMI May 2016

Italy

Italy: PMI declines to three-month low in May

June 1, 2016

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) dropped from 53.9 in April to 52.4 in May, which marked a three-month low. Despite the decrease, the index remains above the 50-threshold that separates expansion from contraction in the manufacturing sector.

May’s result mainly reflected slower growth rates in output, new orders and exports. Stocks of finished goods decreased slightly in May as they were partially used to fulfill orders. Furthermore, employment grew at a slower rate than in April, while backlogs of work remained broadly unchanged. Markit/ADACI added that, “the PMI continued to signal growth of Italy’s manufacturing sector in May. However, the index sank to its second-lowest level in the past 15 months. Also of note was the re-emergence of cost inflation in May which, although only weak, ended a run of nine straight months of falling input prices”

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.1% in 2016, which is unchanged from last month’s estimate. For 2017, the panel expects fixed investment to increase 2.2%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to PMI in Italy? Download a sample report now.

Download

Italy PMI Chart


Italy PMI May 2016

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.


Italy Economic News

  • Italy: Inflation ticks down in June

    July 16, 2019

    Consumer prices rose a revised 0.1% month-on-month in June (previously reported: +0.2% month-on-month), following May’s flat reading, according to revised data released by the National Statistical Institute (ISTAT) on 16 July.

    Read more

  • Italy: Industrial production rebounds in May

    July 10, 2019

    Industrial output rose 0.9% in May on a month-on-month, seasonally-adjusted basis, contrasting April’s revised 0.8% decrease (previously reported: -0.7% month-on-month).

    Read more

  • Italy: Operating conditions more contractionary in June

    July 1, 2019

    The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dropped to 48.4 in June from May’s 49.7.

    Read more

  • Italy: Inflation stable in June

    June 28, 2019

    Consumer prices rose 0.2% month-on-month in June, following May’s flat reading, according to provisional data released by the National Statistical Institute (ISTAT) on 28 June.

    Read more

  • Italy: Business sentiment sours in June

    June 27, 2019

    The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, market services and retail sectors—declined to 99.3 points in June from May’s 100.2 points, which had marked the best result in six months. June’s reading came on the back of a broad-based deterioration in almost all the sectors covered by the index.

    Read more

More news

Search form