FX.co ★ Italy Manufacturing Confidence Drops in February

Italy's manufacturing confidence index declined to 88.5 in February 2026, down from 89.2 in January. Assessments of order books (-19.3 vs -18.1) and current production levels (-17.7 vs -17.5) became more negative, while finished goods inventories increased (2.5 vs 2.1), suggesting weaker sales. Looking ahead, manufacturers’ expectations for production (2.7 vs 3.2), employment (-0.9 vs -0.2), inflation (8.5 vs 7.3), and liquidity (-8.6 vs -7.1) all worsened, indicating growing caution across the sector.