Italian Manufacturing PMI Unexpectedly Contracts in October as Output Drops

Key Facts

Italy's S&P Global manufacturing PMI fell to 49.4 in October from 50.4 in September, moving into contraction territory. MarketScreener reported that the decline was driven by manufacturing output hitting its lowest level since January, alongside falling new orders and a reduction in employment levels.

This contraction follows data from October 30, 2026, which showed Italy's annual GDP growth rate at 0.8%, missing the 0.9% forecast. Quarterly GDP growth was recorded at 0% on the same date, while the annual inflation rate in Italy reached 5.4% as of October 30, 2026.