Italy Markit/ADACI August mftg PMI 1 Sept

  • 55.1 prev
  • Italy's manufacturing economy saw an acceleration in growth mid-way through the third quarter, according to latest PMI® survey data from IHS Markit. Output and new orders both showed steep rates of increase that were among the fastest recorded since early-2011.
  • However, despite the positive headline numbers, goods producers' confidence towards future output was shown to have weakened to the lowest in over two-and-a-half years, and they also faced the worst delivery delays for almost six years. The headline IHS Markit Italy Manufacturing Purchasing Managers' Index® (PMI® ) - a singlefigure measure of developments in overall business conditions - climbed to a six-and-a-half year peak of 56.3 in August, from July's 55.1.
  • The higher index reading reflected not only faster growth in output, new orders and employment, but also a sharper lengthening of supplier delivery times.

Full report here