Markit Economics released its final manufacturing purchasing managers' index (PMI) for Italy on Thursday. Italy's manufacturing purchasing managers' index (PMI) declined to 52.7 in September from 53.8 in August.

The decline was partly driven by a fall in output costs.

"Output, buying levels and employment all rose as goods producers faced an increase in new orders, albeit one that was the slowest since February. Also noteworthy was an accelerated drop in manufacturers' costs, the fastest since April last year, amid falling global commodity prices," Markit economist Phil Smith said.