Italy Composite PMI

Last Release

Feb 29, 2024

Actual

51.1

Units In

Points

50.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
59.1 Aug 2021	10.9 Apr 2020	51.23 Points	2013-2024	Markit Economics

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.

Latest Updates

The HCOB Italy Composite PMI increased to 51.1 in February 2024 from 50.7 in the previous month, marking the second positive reading after seven months of contractions in the country's private sector activity. The rebound was attributed to a sharper expansion in services activity (52.2 vs 51.2 in January), which offset a softer contraction in manufacturing (48.7 vs 48.5). Aggregate new business rose at a marginal pace due to the discrepancy between sectors regarding their output levels. Both service sector firms and factories added to their workforce. In the meantime, the price pressures lingered, driven mainly by an upturn in operating expenses for service sector companies.