FX.co ★ Italy’s Manufacturing Pulse Eases as HCOB PMI Slips to 52.2 in June

Italy’s factory sector lost a little momentum in June, as the HCOB Italy Manufacturing Purchasing Managers’ Index (PMI) edged down to 52.2 from 52.9 in May 2026.

The June reading, released with data updated on 1 July 2026, signals that Italian manufacturing is still in expansion territory—PMI values above 50 indicate growth—but the softer figure points to a modest cooling compared with the previous month. The slip from May’s 52.9 suggests that while demand and production remain on a growth path, the pace of improvement has become more measured.

With the PMI holding above the 50 threshold, June’s outcome indicates continued resilience in Italy’s industrial base, even as the sector navigates a slightly slower rate of expansion heading into the second half of 2026.