Italy’s PMI highest since March 2011

Italy’s Manufacturing PMI index hit a 57-month high level in December 2015, reaching 55.6, according to the latest Markit Eurozone Manufacturing PMI.

Italy was the best performing country in Europe in December, followed by Ireland and the Netherlands whose PMI came at 54.2 and 53.4 respectively.

Overall, the eurozone PMI index ended 2015 in positive territory at 53.2, up from 52.8 in November, the best result since April 2014.

The positive performance was a result of rates of growth in production, new orders and new export business all improved,.

Although input costs and output charges fell again, trends in both provided further evidence of deflationary pressures easing, Markit also said.

Good news also came from Greece, where the PMI index reached a 19-month high at 50, and from France, whose PMI hit a a 21-month high at 51.4.

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