EUR Italian Services PMI
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Above 50.0 indicates industry expansion, below indicates contraction;
- EUR Italian Services PMI Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Jun 5, 2024 | 54.2 | 54.4 | 54.3 |
May 6, 2024 | 54.3 | 54.7 | 54.6 |
Apr 4, 2024 | 54.6 | 53.0 | 52.2 |
Mar 5, 2024 | 52.2 | 52.2 | 51.2 |
Feb 5, 2024 | 51.2 | 50.7 | 49.8 |
Jan 4, 2024 | 49.8 | 49.8 | 49.5 |
Dec 5, 2023 | 49.5 | 48.3 | 47.7 |
Nov 6, 2023 | 47.7 | 48.7 | 49.9 |
-
- EUR Italian Services PMI News
The foreign exchange market is calmer today than Monday and Tuesday, and the dollar is mixed. The yen, which rallied, yesterday, has given back most of its gains and the wage data gave the market second thoughts about next week's BOJ meeting. The Mexican peso, which has been sold aggressively in the face of the strong election showing of the Morena party and allies, is the strongest currency today, though the greenback is holding above yesterday's lows. The Indian rupee is the second strongest and its stock market is recouping more ...
The latest HCOB PMIŽ showed a sustained upturn across the Italian services economy. Growth was maintained for both new business and activity, but at slightly softer rates. There were also continued signs of optimism among service providers, as business expectations were their most upbeat for 27 months and job creation gained momentum. On the price front, rate of both cost and charge inflation dipped, but remained elevated when compared to the respective longrun series trends. The headline index from the report, the HCOB Italy ...
April data signalled a sustained expansion of the Italian service sector, with business activity rising for a fourth month running. However, the speed of the upturn slowed for the first time this year, amid reports of increasing price pressures which led to softer demand conditions. Service providers nevertheless stepped up their hiring activity. Though sentiment was positive, confidence in the outlook remained below its historic trend level. The headline index from the report, the HCOB Italy Services PMIŽ Business Activity Index ...
Italy's service economy expanded during March for a third successive month, supported by a rapid increase in new work that was the quickest since August 2021. This was accompanied by ongoing recruitment, with firms stating a preference for parttime workers, in particular. As a result, service providers were able to make slight inroads to their outstanding work, but at a reduced rate amid a faster uptick in demand. Finally, though price pressures remained strong, this failed to dampen confidence towards the outlook for activity which ...
February survey data saw the Italian service sector economy growth trend sustained, supported by a further rise in the level of new business. With companies securing an increase in new work, activity rose at the joint-fastest rate for nine months (equal with last June). The improvement in demand conditions fuelled job creation, which in turn provided firms with additional capacity to work through outstanding business. Meanwhile, price pressures faced by service providers were persistent and sharp, resulting in a solid increase in ...
January's PMIŽ results showed tentative signs of recovery across the Italian service sector economy. A renewed rise in overall demand was coupled with that of production, as both series recorded above the neutral 50.0 mark for the first time in six months. That said, amid ongoing geopolitical tension and economy uncertainty, demand for Italian services from abroad fell again. Improved overall demand conditions supported another rise in workforce numbers in January, the third increase in successive months. With that, firms were able ...
The Italian service sector ended 2023 signalling falls in output and new business inflows, thereby extending the sequence of decline in activity to five months. That said, December saw the pace of contraction in activity moderate to only a fractional decrease. The rate at which new orders fell picked up slightly, although remaining moderate overall. Supported by a rise in headcounts, capacity pressures eased further as firms registered the joint-fastest depletion of incomplete work in 17 months. Although firms saw cost inflation cool ...
Italian service providers registered another month of declining activity in November as demand weakness continued to weigh on the sector. Moreover, both output and incoming new work registered contractions but at slower rates. Although cost inflationary pressures intensified, companies absorbed a greater proportion of the burden, as selling prices only rose marginally. Some positivity was however seen in companies hiring decisions as November saw firms increase their payroll numbers after a month of cuts in October. The headline ...
Released on Jun 5, 2024 |
---|
Released on May 6, 2024 |
---|
Released on Apr 4, 2024 |
---|
Released on Mar 5, 2024 |
---|
Released on Feb 5, 2024 |
---|
Released on Jan 4, 2024 |
---|
Released on Dec 5, 2023 |
---|
- Details