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01.09.202607:45:00UTC+00Italian Manufacturing PMI Slips Back Below Growth Threshold in August

Italy’s factory sector lost momentum in August, as the HCOB Italy Manufacturing Purchasing Managers’ Index (PMI) fell to 49.6, down from 51.3 in July 2026. The latest reading, published on 01 September 2026, signals a return to contraction territory after the index had briefly moved above the 50.0 growth threshold in July.

The July 2026 figure of 51.3 had suggested a tentative recovery in Italian manufacturing, but August’s drop below 50 indicates that operating conditions deteriorated again. While the data do not provide details on the underlying drivers, the headline decline points to renewed pressure on production, new orders, or both, and may raise concerns about the resilience of Italy’s industrial base heading into the latter part of 2026.

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