Italy’s HCOB Composite PMI rose to 52.1 in April 2025 from 50.5 in March, marking the strongest private sector growth in nearly a year. The services sector led the improvement (PMI at 52.9), while manufacturing showed signs of nearing stabilization despite a continued drop in new orders (PMI at 49.3). New business returned to growth, with the pace of expansion hitting a 12-month high. However, job creation remained minimal, reflecting ongoing spare capacity. Backlogs of work continued to fall, extending a nearly three-year trend of depletion. Input costs rose at their slowest pace this year, with easing pressures seen in both services and manufacturing. Overall selling price inflation also softened, though manufacturers raised output prices at the fastest rate in over two years. Despite ongoing growth, sentiment for future activity was the weakest since late 2021, indicating increased caution among firms. source: S&P Global

Composite PMI in Italy increased to 52.10 points in April from 50.50 points in March of 2025. Composite PMI in Italy averaged 51.20 points from 2013 until 2025, 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 52.10 points in April from 50.50 points in March of 2025. Composite PMI in Italy is expected to be 49.10 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 52.50 points in 2026 and 52.90 points in 2027, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 85.70 86.00 points Apr 2025
Capacity Utilization 75.10 74.70 percent Jun 2025
Car Registrations 139084.00 172223.00 Units Apr 2025
Changes in Inventories 3244.20 4174.10 EUR Million Dec 2024
Composite Leading Indicator 100.01 100.08 points Apr 2025
Corruption Index 54.00 56.00 Points Dec 2024
Corruption Rank 52.00 42.00 Dec 2024
Electricity Price 105.82 72.41 EUR/MWh May 2025
Electricity Production 21977.00 21023.00 Gigawatt-hour Mar 2025
Industrial Production YoY -1.80 -2.60 percent Mar 2025
Industrial Production MoM 0.10 -0.90 percent Mar 2025
Manufacturing Production -1.56 -2.88 percent Mar 2025
Industrial Sales YoY -0.40 3.70 percent Feb 2025
Mining Production 1.75 -3.08 percent Mar 2025
Natural Gas Stocks Capacity 202.52 202.52 TWh May 2025
Natural Gas Stocks Injection 842.87 881.42 GWh/d May 2025
Natural Gas Stocks Inventory 111.18 110.34 TWh May 2025
Natural Gas Stocks Withdrawal 0.00 0.00 GWh/d May 2025
New Car Registrations YoY 2.70 6.20 percent Apr 2025

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 Growth Hits 11-Month High
Italy’s HCOB Composite PMI rose to 52.1 in April 2025 from 50.5 in March, marking the strongest private sector growth in nearly a year. The services sector led the improvement (PMI at 52.9), while manufacturing showed signs of nearing stabilization despite a continued drop in new orders (PMI at 49.3). New business returned to growth, with the pace of expansion hitting a 12-month high. However, job creation remained minimal, reflecting ongoing spare capacity. Backlogs of work continued to fall, extending a nearly three-year trend of depletion. Input costs rose at their slowest pace this year, with easing pressures seen in both services and manufacturing. Overall selling price inflation also softened, though manufacturers raised output prices at the fastest rate in over two years. Despite ongoing growth, sentiment for future activity was the weakest since late 2021, indicating increased caution among firms.
2025-05-06
Italian Private Sector Growth Softens in March
The HCOB Italy Composite PMI fell to 50.5 in March 2025 from 51.9 in February, signalling modest growth for the second consecutive month. The services sector drove growth (PMI at 52), while manufacturing continued to contract (PMI at 46.6). New orders remained stable as gains in services offset declines in manufacturing. Employment in the private sector saw only a slight increase. Service providers continued hiring, but manufacturers cut jobs for a second month. Both sectors had enough capacity to clear backlogs. Inflationary pressures strengthened, with operating costs rising at the fastest pace in over two years, particularly in services. As a result, both manufacturers and service providers raised prices, pushing output charge inflation to its highest level in nearly a year.
2025-04-03
Italian Private Sector Returns to Growth in February
The HCOB Italy Composite PMI rose to 51.9 in February 2025 from 49.7 in January, signaling the first private sector expansion in four months. Service sector growth accelerated (PMI at 53), while the manufacturing decline slowed (PMI at 47.4). New orders increased, ending a three-month downturn, driven by service providers. Employment rose slightly for the second time in three months, despite spare capacity. Manufacturers continued to clear backlogs, while outstanding business grew in services. Cost pressures intensified across both sectors, pushing input price inflation to a ten-month high, though output charges rose moderately as manufacturers continued offering discounts.
2025-03-05