Markit Economics released its manufacturing purchasing managers' index (PMI) for Italy on Tuesday. Italy's manufacturing purchasing managers' index (PMI) climbed to 54.9 in November from 54.1 in October.

The increase was driven by rises in in output, new orders and employment.

"The tailwinds from a weak euro and falling commodity prices continue to benefit manufacturers overall, while at the same time demand in the domestic market continues to improve and is adding impetus to the upturn," Markit economist Phil Smith said.