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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly PMI climbed to 53.8 in November 2025
FMPMonthlyReleased December 2025
Italy PMI climbed to 53.8 in November 2025, released December 2025, up 0.7 from October's 53.1 reading. The reading matched the 53.2 consensus. PMI has now risen for 3 consecutive months. Over the past 3 months, PMI averaged 52.4, vs 51.6 in the prior 3-month window. PMI is now the highest in 10 months.
Latest Release
53.8
Actual
53.2
Consensus
53.1
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/GBP | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/USD | ▼ Inverse | −0.31 | FOREX | Bearish EUR | → View |
| EUR/JPY | ▲ Direct | +0.26 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PMI (Italy) was reported at 52.10 in March 2026. The reading rose from the previous value of 51.40. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 51.95, ranging from 50.30 to 53.80 across 8 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 51.27, down from the prior three at 52.87.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/GBP (Bullish EUR). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
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 2026.
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PMI - IT
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About PMI — Italy
DEFINITION
PMI, or Purchasing Managers' Index, is a widely used economic indicator that measures the health of a country's manufacturing sector. It is based on a monthly survey of purchasing managers from various industries, and provides valuable insights into the overall economic activity and future trends. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This indicator is closely monitored by investors, businesses, and policymakers as it can help inform decisions related to investments, production, and economic policies.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 52.1. Prior reading (Jan 2026): 51.4. Before that (Dec 2025): 50.3.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bullish EUR, r=0.45) — a useful reference for forex-focused traders.