The HCOB Italy Composite PMI increased to 52.1 in February 2026 from 51.4 in January, pointing to the strongest growth in private sector activity in three months. The manufacturing sector returned to expansion for the first time in three months (50.6 vs 48.1) while services growth slowed (52.3 vs 52.9). There was a moderate rise in new business, which was broad-based and although companies had sufficient capacity to work through backlogs, the rate of depletion was the weakest since July last year. Meanwhile, the rate at which jobs were added across the private sector was the strongest in eight months. Hiring activity was stronger in the service sector than it was in its manufacturing counterpart.
| Indicator | February 2026 | January 2026 | Change |
|---|---|---|---|
| Composite PMI | 52.10 | 51.40 | +0.70 |
| Manufacturing PMI | 50.6 | 48.1 | +2.5 |
| Services PMI | 52.3 | 52.9 | -0.6 |
Composite PMI in Italy averaged 51.25 points from 2013 until 2026, reaching an all time high of 59.10 points in August of 2021 and a record low of 10.90 points in April of 2020.
Source: S&P Global PMI (HCOB Composite PMI)
Release Date: March 4, 2026, 08:45 UTC
Data Provider: S&P Global
Frequency: Monthly
Country: Italy