Italy: PMI improves in October
October 1, 2015
The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) rose from 52.7 in September to 54.1 in October, which marked a three-month high. As a consequence, the index is now further above the 50-threshold that separates expansion from contraction in the manufacturing sector.
October’s result mainly reflected faster growth rates in both output and new orders. In addition, employment’s growth rate reached a three-month high and producers’ sustained solid buying levels in October. Markit/ADACI commented that, “latest PMI data showed the upturn in the manufacturing sector regain some momentum at the start of the fourth quarter [...]. Encouragingly, according to panel member reports sources of growth were both domestic and international, boding well for the sustainability of the recovery.”
Author: Eric Denis , Economist