The S&P Global Italy Manufacturing PMI fell to 51.3 in July 2026 from 52.2 in June, missing market expectations of 52.3 and marking its lowest reading in four months. The slowdown reflected fading support from earlier stockpiling linked to the Iran conflict, as new orders declined again amid subdued demand, with firms citing geopolitical uncertainty and inflationary pressures. Export orders also fell for the first time in five months. Manufacturing output expanded at a softer pace, while longer supplier delivery times provided a positive contribution to the headline index despite reflecting ongoing supply disruptions. Backlogs of work recorded their sharpest decline of the year, and both employment and purchasing activity weakened. At the same time, input cost pressures eased, while business confidence deteriorated. source: S&P Global

Manufacturing PMI in Italy decreased to 51.30 points in July from 52.20 points in June of 2026. Manufacturing PMI in Italy averaged 51.34 points from 2012 until 2026, reaching an all time high of 62.80 points in November of 2021 and a record low of 31.10 points in April of 2020. This page provides the latest reported value for - Italy Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Italy decreased to 51.30 points in July from 52.20 points in June of 2026. Manufacturing PMI in Italy is expected to be 51.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Manufacturing PMI is projected to trend around 52.90 points in 2027 and 52.30 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
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Capacity Utilization 75.00 74.70 percent Jun 2026
Car Registrations 123.18 146423.00 Units Jul 2026
Changes in Inventories -2037.40 4822.20 EUR Million Mar 2026
Composite Leading Indicator 99.99 100.17 points Jun 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 178.89 72.41 EUR/MWh Aug 2026
Electricity Production 24181.00 21558.00 Gigawatt-hour Jun 2026
Industrial Production YoY -0.60 1.20 percent Jun 2026
Industrial Production MoM -1.00 -0.30 percent Jun 2026
Manufacturing Production -0.91 1.17 percent Jun 2026
Industrial Sales YoY 0.60 -0.20 percent May 2026
Mining Production -1.77 -1.62 percent Jun 2026
Natural Gas Stocks Capacity 203.42 203.42 TWh Aug 2026
Natural Gas Stocks Injection 522.28 416.02 GWh/d Aug 2026
Natural Gas Stocks Inventory 157.04 156.52 TWh Aug 2026
Natural Gas Stocks Withdrawal 0.80 6.40 GWh/d Aug 2026
New Car Registrations YoY 3.90 10.60 percent Jul 2026


Italy Manufacturing PMI
In Italy, the S&P Global Italy Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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
Italy Manufacturing Growth Slows to Four-Month Low
The S&P Global Italy Manufacturing PMI fell to 51.3 in July 2026 from 52.2 in June, missing market expectations of 52.3 and marking its lowest reading in four months. The slowdown reflected fading support from earlier stockpiling linked to the Iran conflict, as new orders declined again amid subdued demand, with firms citing geopolitical uncertainty and inflationary pressures. Export orders also fell for the first time in five months. Manufacturing output expanded at a softer pace, while longer supplier delivery times provided a positive contribution to the headline index despite reflecting ongoing supply disruptions. Backlogs of work recorded their sharpest decline of the year, and both employment and purchasing activity weakened. At the same time, input cost pressures eased, while business confidence deteriorated.
2026-08-03
Italian Manufacturing Sector Growth Eases in June
The S&P Global Italy Manufacturing PMI fell to 52.2 in June 2026, down from 52.9 in May, missing market forecasts of 52.6. While the reading still indicates expansion, marking one of the strongest performances in over four years, the pace of growth in output, new orders, and employment has softened. Though the sector continues to benefit from earlier stockpiling efforts, June’s data suggests this temporary support is fading. Manufacturers responded to the slowdown by reducing their purchasing activity, even as input stocks rose. Ongoing supply chain disruptions, exacerbated by the conflict in the Middle East, further strained vendor performance. On a positive note, both input and output price inflation eased from multi-year highs, and business confidence improved, fueled by hopes for a resolution to the Middle East conflict.
2026-07-01
Italy Manufacturing Sector Growth Hits Four-Year High
Italy’s S&P Global Manufacturing PMI climbed to 52.9 in May 2026, up from 52.1 in April and beating market forecasts of 52.0. This marks the strongest expansion in the sector since April 2022, driven by rising demand as clients stockpile safety reserves amid shortages and anticipated price hikes. New orders grew at one of the fastest rates in four years, prompting manufacturers to increase output and purchasing activity, the latter at levels last seen in April 2022, to build buffer stocks against supply chain disruptions. Employment growth slowed, but backlogs rose for the first time in nearly four years. Price pressures intensified, with input and output inflation hitting four-year and three-and-a-half-year highs, respectively. Finally, business confidence saw a slight uptick on hopes of positive outcomes from sales negotiations and more favorable economic conditions.
2026-06-01