The S&P Global Italy Manufacturing PMI climbed to 52.1 in April 2026, up from 51.3 in March and surpassing market expectations of 51.9. This marks the strongest expansion in the manufacturing sector since April 2022. Output growth reached a three-year high, job creation accelerated to its best level since September 2024, and buying activity growth hit a four-year record. However, the war in the Middle East continued to strain supply chains, with delivery times lengthening at the fastest pace since mid-2022. Cost inflation rose to its highest level in nearly four years, while selling price inflation reached its strongest point in three and a half years. Business confidence remained below the long-run average due to concerns about the economic impact of the ongoing conflict. source: S&P Global

Manufacturing PMI in Italy increased to 52.10 points in April from 51.30 points in March of 2026. Manufacturing PMI in Italy averaged 51.33 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 increased to 52.10 points in April from 51.30 points in March of 2026. Manufacturing PMI in Italy is expected to be 52.00 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
Business Confidence 87.90 88.70 points Apr 2026
Capacity Utilization 74.70 75.00 percent Mar 2026
Car Registrations 155210.00 185367.00 Units Apr 2026
Changes in Inventories 5003.00 1180.10 EUR Million Dec 2025
Composite Leading Indicator 100.64 100.78 points Apr 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 130.03 72.41 EUR/MWh May 2026
Electricity Production 21517.00 21476.00 Gigawatt-hour Mar 2026
Industrial Production YoY 0.50 -0.60 percent Feb 2026
Industrial Production MoM 0.10 -0.60 percent Feb 2026
Manufacturing Production 0.95 -2.16 percent Feb 2026
Industrial Sales YoY 0.60 -0.20 percent Feb 2026
Mining Production 0.84 -3.35 percent Feb 2026
Natural Gas Stocks Capacity 203.84 203.84 TWh May 2026
Natural Gas Stocks Injection 534.70 470.30 GWh/d May 2026
Natural Gas Stocks Inventory 106.01 105.48 TWh May 2026
Natural Gas Stocks Withdrawal 0.00 0.20 GWh/d May 2026
New Car Registrations YoY 11.60 7.60 percent Apr 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 Hits Four-Year High
The S&P Global Italy Manufacturing PMI climbed to 52.1 in April 2026, up from 51.3 in March and surpassing market expectations of 51.9. This marks the strongest expansion in the manufacturing sector since April 2022. Output growth reached a three-year high, job creation accelerated to its best level since September 2024, and buying activity growth hit a four-year record. However, the war in the Middle East continued to strain supply chains, with delivery times lengthening at the fastest pace since mid-2022. Cost inflation rose to its highest level in nearly four years, while selling price inflation reached its strongest point in three and a half years. Business confidence remained below the long-run average due to concerns about the economic impact of the ongoing conflict.
2026-05-04
Italy Manufacturing Proves Resilient
The S&P Global Italy Manufacturing PMI rose to 51.3 in March 2026 from 50.6 in February and above market forecasts of 50.9. While signaling only a modest improvement in operating conditions, the reading marked the strongest performance in over three years. Output increased for a second consecutive month, though growth slowed and remained modest, while order books edged up as buyers sought to get ahead of expected price rises. Export sales grew marginally for the first time in four months, and employment also rose. Purchasing increased for the first time in over three years, resulting in the first rise in inventories in eight months as manufacturers anticipated supply chain disruptions and higher prices. The Middle East war pushed input lead times to their longest since October 2022 due to shortages and logistical issues. Rising raw materials, transport, and energy pushed input costs and selling prices to three-year highs. Looking ahead, business sentiment stayed positive.
2026-04-01
Italy Manufacturing PMI Signals Modest Recovery
The HCOB Italy Manufacturing PMI rose to 50.6 in February 2026, up from 48.1 in January and above the market consensus of 49.5. The reading, the highest in three months, indicated a slight improvement in operating conditions, as output and new orders increased following two months of decline, despite export sales falling at their fastest pace in five months amid elevated global uncertainty. Employment edged up only marginally, limiting purchases of inputs. Meanwhile, input cost inflation reached its highest level since October 2022, and output prices rose at the fastest pace in ten months. Business confidence, however, strengthened to its highest level in over five years.
2026-03-02