FX.co ★ Italy Factory Growth Hits Over 2-1/2-Year High

In November 2025, the HCOB Italy Manufacturing PMI rose to 50.6, an improvement from October's figure of 49.9 and surpassing market expectations of 50.3. This latest reading marks the first expansion in three months and represents the strongest performance since March 2023, though it remains a modest increase overall. The primary driver of this upturn was a resurgence in total new orders, fueled by increased demand from both domestic and international markets. Significantly, exports climbed for the first time in six months, achieving a growth rate that is not only historically robust but also the highest seen in 45 months. However, production volumes experienced a more subdued increase, which led companies to continue downsizing their workforce and scaling back on purchasing activities.