Italy PMI

Italy

Italy: PMI hits multi-year high in May

June 1, 2015

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) increased from 53.8 in April to 54.8 in May, which marked a multi-year high. As a result of May’s improvement, the index is now even further above the 50-threshold that separates expansion from contraction in the manufacturing sector.



May’s result reflected improvements in output, new business and in employment. Markit/ADACI commented, that, “the latest increases in output and new orders were sharp and the fastest recorded since 2011, in turn leading to a further acceleration in the pace of job creation. A steep rise in new export orders was a key factor underpinning growth.”

FocusEconomics Consensus Forecast panelists see fixed investment growing 0.1% in 2015, which is unchanged from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 2.0%.


Author:, Economist

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Italy PMI Chart


Italy PMI May 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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