S&P Global Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Italy. A result above 50 signals is bullish for the Euro, whereas a result below 50 is seen as bearish.

Most recent - Monday 2 December 2024 08:45

Previous
46.9
Forecast
46.1
Actual
44.5

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Thursday 2 January 2025 08:45

Previous
-
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for S&P Global Manufacturing PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Manufacturing PMI was 44.5 against a forecast of 46.1.

Past events

Date
Forecast
Actual
Monday 2 December 2024 08:45
46.1
44.5
Monday 4 November 2024 08:45
48.8
46.9
Tuesday 1 October 2024 07:45
49
48.3
Monday 2 September 2024 07:45
47.8
49.4
Thursday 1 August 2024 07:45
46.1
47.4
Monday 1 July 2024 07:45
44.5
45.7
Monday 3 June 2024 07:45
48
45.6
Thursday 2 May 2024 07:45
50
47.3
Tuesday 2 April 2024 07:45
48.8
50.4
Friday 1 March 2024 08:45
49.1
48.7
Thursday 1 February 2024 08:45
47.3
48.5
Tuesday 2 January 2024 08:45
44.4
45.3
Friday 1 December 2023 08:45
45.3
44.4
Thursday 2 November 2023 08:45
46.2
44.9
Monday 2 October 2023 07:45
45.6
46.8
Friday 1 September 2023 07:45
46
45.4
Tuesday 1 August 2023 07:45
44.1
44.5
Monday 3 July 2023 07:45
45.4
43.8
Thursday 1 June 2023 07:45
45.6
45.9
Tuesday 2 May 2023 07:45
49
46.8
Monday 3 April 2023 07:45
51
51.1
Wednesday 1 March 2023 08:45
51
52
Wednesday 1 February 2023 08:45
49.6
50.4
Monday 2 January 2023 08:45
48.5
48.5
Thursday 1 December 2022 08:45
47
48.4
Wednesday 2 November 2022 08:45
46.9
46.5
Monday 3 October 2022 07:45
47.5
48.3
Thursday 1 September 2022 07:45
48
48
Monday 1 August 2022 07:45
49.1
48.5
Friday 1 July 2022 07:45
50.5
50.9
Wednesday 1 June 2022 07:45
53.5
51.9
Monday 2 May 2022 07:45
55
54.5
Friday 1 April 2022 07:45
57
55.8
Tuesday 1 March 2022 08:45
58
58.3
Tuesday 1 February 2022 08:45
61.5
58.3
Monday 3 January 2022 08:45
61.5
62

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Manufacturing PMI result:

PreviousLatest
Consumer ConfidenceBearish change-13.7-14.5
Producer Price Index (MoM)Bullish change0.2%0.5%
Producer Price Index (YoY)Bullish change-1.1%0.1%
GfK Consumer Confidence SurveyBullish change-23.1-21.3
Core Harmonized Index of Consumer Prices (MoM)(no change)-0.6%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)-0.3%-0.3%
ZEW Survey – Current SituationBearish change-91.4-93.1
ZEW Survey – Economic SentimentBullish change7.415.7
ZEW Survey – Economic SentimentBullish change12.517
IFO – Business ClimateBearish change85.684.7
IFO – Current AssessmentBullish change84.385.1
IFO – ExpectationsBearish change8784.4
Consumer Price Index (EU Norm) (YoY)Bearish change1.6%1.5%
Consumer Price Index (YoY)Bearish change1.4%1.3%
HCOB Composite PMIBullish change48.349.5
HCOB Manufacturing PMI(no change)45.245.2
HCOB Services PMIBullish change49.551.4
HCOB Composite PMIBullish change47.247.8
HCOB Manufacturing PMIBearish change4342.5
HCOB Services PMIBullish change49.351
HCOB Composite PMIBullish change45.946.7
HCOB Manufacturing PMIBearish change43.141.9
HCOB Services PMIBullish change46.948.2
Industrial Production s.a. (MoM)Bullish change-1.5%0%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Consumer Price Index (EU norm) (YoY)(no change)1.7%1.7%
Trade Balance s.a.Bearish change€17B€13.4B
Harmonized Index of Consumer Prices (MoM)(no change)-0.7%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Sentix Investor ConfidenceBearish change-12.8-17.5

About S&P Global Manufacturing PMI

Country:Italy
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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