Italy PMI April 2016

Italy

Italy: PMI rises to four-month high in April

May 2, 2016

The Markit/ADACI manufacturing Purchasing Managers’ Index (PMI) increased from 53.5 in March to 53.9 in April, which marked a four-month high. The index is now further above the 50-threshold that separates expansion from contraction in the manufacturing sector.



March’s result mainly reflected higher growth rates in output, new orders and exports. Stocks of purchases decreased in April, as stronger growth in output led firms to increase consumption of input goods. Furthermore, employment grew at a faster rate than in March, while backlogs of work remained unchanged. Markit/ADACI added that, “it was a familiar story, meanwhile, on the price front, with manufacturers taking advantage of a fall in input costs to lower their output charges and boost demand.”

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.1% in 2016, which is up 0.3 percentage points from last month’s estimate. For 2017, the panel expects fixed investment to increase 2.2%.


Author: Massimo Bassetti, Economist

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Italy PMI April 2016 0

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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