The HCOB Italy Composite PMI rose to 51 in October 2024 from 49.7 in September, signaling growth. This improvement was driven by the services sector (PMI at 52.4), which expanded enough to offset further contraction in manufacturing (PMI at 46.9). New orders saw a slight increase due to demand in services, but employment levels fell slightly overall, ending a 10-month hiring streak. Manufacturing saw job cuts, while service employment held steady. Backlogs of work declined faster than in September, and cost pressures persisted. Service providers faced rising input costs, while manufacturers saw a slight decrease. Selling price inflation was the mildest in nearly a year, with minimal overall growth. source: S&P Global

Composite PMI in Italy increased to 51 points in October from 49.70 points in September of 2024. Composite PMI in Italy averaged 51.24 points from 2013 until 2024, reaching an all time high of 59.10 points in August of 2021 and a record low of 10.90 points in April of 2020. This page provides - Italy Composite Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Composite PMI in Italy increased to 51 points in October from 49.70 points in September of 2024. Composite PMI in Italy is expected to be 52.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Composite PMI is projected to trend around 54.00 points in 2025 and 53.00 points in 2026, according to our econometric models.




Related Last Previous Unit Reference
Bankruptcies 1991.00 1889.00 Companies Sep 2023
Business Confidence 85.80 86.60 points Oct 2024
Capacity Utilization 75.10 75.50 percent Dec 2024
Car Registrations 126488.00 121666.00 Units Oct 2024
Changes in Inventories -6791.20 -8992.50 EUR Million Jun 2024
Composite Leading Indicator 100.10 99.94 points Oct 2024
Corruption Index 56.00 56.00 Points Dec 2023
Corruption Rank 42.00 41.00 Dec 2023
Electricity Price 155.75 72.41 EUR/MWh Nov 2024
Electricity Production 21479.00 22227.00 Gigawatt-hour Oct 2024
Industrial Production YoY -4.00 -3.20 percent Sep 2024
Industrial Production MoM -0.40 0.00 percent Sep 2024
Manufacturing Production -4.07 -5.42 percent Sep 2024
Industrial Sales YoY -0.10 -0.50 percent Aug 2024
Mining Production 1.81 -2.20 percent Sep 2024
Natural Gas Stocks Capacity 200.08 200.08 TWh Nov 2024
Natural Gas Stocks Injection 0.00 72.09 GWh/d Nov 2024
Natural Gas Stocks Inventory 184.32 185.14 TWh Nov 2024
Natural Gas Stocks Withdrawal 824.70 604.40 GWh/d Nov 2024
New Car Registrations YoY -9.10 -10.70 percent Oct 2024

Italy Composite PMI
The Italy Composite PMI is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report' shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion' index. This index is the sum of the positive responses plus a half of those responding ‘the same'. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Italian Private Sector Activity Returns to Growth
The HCOB Italy Composite PMI rose to 51 in October 2024 from 49.7 in September, signaling growth. This improvement was driven by the services sector (PMI at 52.4), which expanded enough to offset further contraction in manufacturing (PMI at 46.9). New orders saw a slight increase due to demand in services, but employment levels fell slightly overall, ending a 10-month hiring streak. Manufacturing saw job cuts, while service employment held steady. Backlogs of work declined faster than in September, and cost pressures persisted. Service providers faced rising input costs, while manufacturers saw a slight decrease. Selling price inflation was the mildest in nearly a year, with minimal overall growth.
2024-11-06
Private Sector Activity in Italy Shrinks for 1st Time in 2024
The HCOB Italy Composite PMI fell to 49.7 in September 2024 from to 50.8 in August. The reading pointed to a renewed deterioration and the first contraction in the Italian private sector so far in 2024, amid slower services growth (50.5 vs 51.4) and a deeper manufacturing decline (48.3 vs 49.4). Overall new business volumes decreased at the quickest rate seen in 2024 so far and employment growth remained marginal. Slower services job creation was counterbalanced by accelerated hiring at manufacturers. However, there were ongoing signs of spare capacity as backlogs of work fell solidly. On the price front, cost pressures were the least pronounced since January, as the rate of input price inflation eased notably at manufacturers despite a slightly quicker uptick in services operating expenses. Meanwhile, charges increased at a weaker pace.
2024-10-03
Italian Private Sector Activity Rises Slightly Faster
The HCOB Italy Composite PMI increased to 50.8 in August 2024, from 50.3 the previous month, indicating a slightly faster expansion in the country's private sector. Although slowing, the services sector remained the main driving force of the economy (PMI at 51.4 vs 51.7 in July) while manufacturing activity contracted for a fifth month running (PMI at 49.4 vs 47.4). Manufacturers cut production volumes again, though the rate of contraction eased significantly from July, while services firms saw a slight increase in activity. Meanwhile, private sector new business contracted for the first time in eight months. At the same time, the rate of job creation was marginal and the slowest since January, dampened by a softer workforce expansion at service providers. As for prices, cost pressures for both manufacturers and service providers eased in August, though still sharp, while the rate of charge inflation increased as manufacturers raised their selling prices.
2024-09-04