Italy PMI

Italy

Italy: PMI hits one-year high in April

May 4, 2015

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) increased from 53.3 in March to 53.8 in April, which marked the highest reading in a year. As a result of April’s improvement, the index is now even further above the 50-threshold that separates expansion from contraction in the manufacturing sector.



April’s result reflected an improvement in output, new orders and in employment. Markit/ADACI commented, that, “[g]oods producers took on staff at the fastest rate for more than four years and also raised their stocks of inputs amid increased production requirements, both signs of a healthier operating environment.”

FocusEconomics Consensus Forecast panelists see fixed investment recording zero growth in 2015, which is up 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 1.9%.


Author:, Economist

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Italy PMI Chart


Italy PMI April 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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