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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly IHS Markit Composite PMI climbed to 51.4 in February 2021
FMPMonthlyReleased March 2021
Italy IHS Markit Composite PMI climbed to 51.4 in February 2021, released March 2021, up 4.2 from January's 47.2 reading. The reading matched the 49.1 consensus. IHS Markit Composite PMI has now risen for 3 consecutive months. Over the past 3 months, IHS Markit Composite PMI averaged 44.4, vs 44.87 in the prior 3-month window.
Latest Release
51.4
Actual
49.1
Consensus
47.2
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
IHS Markit Composite PMI (Italy) was reported at 53.60 in March 2022. The reading rose from the previous value of 50.10.
WHY IT MATTERS
The trailing three releases averaged 52.80, down from the prior three at 56.13.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Jun 26) and Consumer Confidence (Jun 26).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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IHS Markit Composite PMI - IT
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About IHS Markit Composite PMI — Italy
DEFINITION
The IHS Markit Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country or region. It combines data from the manufacturing and services sectors to provide a comprehensive view of business activity and growth. This indicator is closely monitored by investors, policymakers, and analysts as it can provide valuable insights into the current and future state of the economy. With its timely and accurate data, the IHS Markit Composite PMI is a crucial tool for making informed financial decisions.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2022): actual 53.6. Prior reading (Jan 2022): 50.1. Before that (Dec 2021): 54.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.