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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Markit/ADACI Manufacturing PMI climbed to 53.2 in September 2020
FMPMonthlyReleased October 2020
Italy Markit/ADACI Manufacturing PMI climbed to 53.2 in September 2020, released October 2020, up 0.1 from August's 53.1 reading. The reading matched the 53.5 consensus.
Latest Release
53.200000
Actual
53.500000
Consensus
53.100000
Previous
Median Absolute Error
±1.01
across last 12 releases
Last Call
Oct 2020
Predicted: 53.95
Actual: 53.2
Error: +0.75
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
Markit/ADACI Manufacturing PMI (Italy) was reported at 53.20 in September 2020. This missed the market consensus of 53.50 by 0.30. The reading rose from the previous value of 53.10. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 52.73, up from the prior three at 41.33.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 1.01.
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 October 2020.
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Markit/ADACI Manufacturing PMI - IT
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About Markit/ADACI Manufacturing PMI — Italy
DEFINITION
The Markit/ADACI Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country or region. It is based on a monthly survey of purchasing managers, providing valuable insights into the current economic conditions and future outlook for the manufacturing industry. This indicator is closely monitored by investors, policymakers, and businesses as it can signal changes in economic growth, inflation, and employment. With its timely and reliable data, the Markit/ADACI Manufacturing PMI is a crucial tool for assessing the health of the manufacturing sector and 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 (Sep 2020): actual 53.2, consensus 53.5. Prior reading (Sep 2020): 53.2. Before that (Aug 2020): 53.1.
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.