Italy PMI


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.”

FocusEconomics Consensus Forecast panelists see fixed investment growing 0.8% in 2015, which is down 0.1 percentage points from the previous month’s estimate. For 2016, the panel expects fixed investment to increase 2.1%, which is up 0.1 percentage points from last month’s forecast.

Author:, Economist

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Italy PMI Chart

Italy PMI October 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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