Markit Economics released its manufacturing purchasing managers' index (PMI) for Italy on Monday. Italy's Markit/ADACI manufacturing PMI increased to 53.9 in April from 53.5 in March.

The increase was driven by a faster growth in output, new orders, exports and job creation, while output and input prices fell at a slower pace.

"The manufacturing economy showed signs of improved health in April. The PMI moved to its highest level in 2016 so far, as accelerating inflows of new orders led to a robust increase in production as well as the creation of more jobs at factories," Markit economist Phil Smith said.