The S&P Global Italy Services PMI fell to 51.7 in September 2026 from 55.2 in August, below the expected 54.6, signalling a continued but slower expansion in the service sector and the weakest growth in three months. Activity and new business growth both eased, although new export business rose at the strongest pace since May 2024, supporting overall demand. Employment continued to increase for a 20th consecutive month, but recruitment slowed as firms faced softer demand. On the price front, input cost inflation accelerated to its highest since May, driven by higher energy, fuel, transport, wages and tolls, while output price inflation rose to its highest in almost two-and-a-half years. Meanwhile, business confidence improved to one of the highest levels in just over a year, supported by new customer wins and expectations of stronger international demand, although concerns over economic conditions and higher interest rates continued to weigh on optimism. source: S&P Global

Services PMI in Italy decreased to 51.70 points in September from 55.20 points in August of 2026. Services PMI in Italy averaged 50.27 points from 2011 until 2026, reaching an all time high of 58.00 points in July of 2021 and a record low of 10.80 points in April of 2020. This page provides the latest reported value for - Italy Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in Italy decreased to 51.70 points in September from 55.20 points in August of 2026. Services PMI in Italy is expected to be 50.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Services PMI is projected to trend around 52.50 points in 2027 and 53.20 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 91.90 90.20 points Sep 2026
Capacity Utilization 75.60 75.00 percent Sep 2026
Car Registrations 139356.00 69411.00 Units Sep 2026
Changes in Inventories 193.40 -751.40 EUR Million Jun 2026
Composite Leading Indicator 100.30 100.21 points Sep 2026
Corruption Index 53.00 54.00 Points Dec 2025
Corruption Rank 52.00 52.00 Dec 2025
Electricity Price 225.37 72.41 EUR/MWh Oct 2026
Electricity Production 25151.00 27717.00 Gigawatt-hour Aug 2026
Industrial Production YoY 0.00 -0.10 percent Aug 2026
Industrial Production MoM -1.30 0.60 percent Aug 2026
Manufacturing Production -1.87 -0.76 percent Aug 2026
Industrial Sales YoY 1.70 -0.90 percent Jul 2026
Mining Production -4.73 -0.98 percent Aug 2026
Natural Gas Stocks Capacity 203.42 203.42 TWh Oct 2026
Natural Gas Stocks Injection 160.66 205.30 GWh/d Oct 2026
Natural Gas Stocks Inventory 183.14 182.99 TWh Oct 2026
Natural Gas Stocks Withdrawal 4.10 5.00 GWh/d Oct 2026
New Car Registrations YoY 9.90 3.20 percent Sep 2026


Italy Services PMI
S&P Global Italy Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of around 400 companies based in the Italian service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Italy Services Growth Hits 3-Month Low
The S&P Global Italy Services PMI fell to 51.7 in September 2026 from 55.2 in August, below the expected 54.6, signalling a continued but slower expansion in the service sector and the weakest growth in three months. Activity and new business growth both eased, although new export business rose at the strongest pace since May 2024, supporting overall demand. Employment continued to increase for a 20th consecutive month, but recruitment slowed as firms faced softer demand. On the price front, input cost inflation accelerated to its highest since May, driven by higher energy, fuel, transport, wages and tolls, while output price inflation rose to its highest in almost two-and-a-half years. Meanwhile, business confidence improved to one of the highest levels in just over a year, supported by new customer wins and expectations of stronger international demand, although concerns over economic conditions and higher interest rates continued to weigh on optimism.
2026-10-05
Italy Services Sector Expands Most in Over 3 Years
The S&P Global Italy Services PMI rose to 55.2 in August 2026 from 52.5 in July, beating market expectations of 53.6. This marked the strongest expansion since April 2023, supported by the fastest increase in new business in almost two-and-a-half years, reflecting stronger domestic demand, new client acquisitions, and new project starts. Export sales also increased, reaching their fastest pace since October, though the overall improvement in demand remained domestically focused. Employment continued to rise, while outstanding business declined for a fifth month. On the price front, input cost inflation remained elevated, driven by higher energy, fuel, commodity and business service costs, while output price inflation eased to its lowest in eight months. Meanwhile, business confidence weakened to its lowest since May amid concerns over the external environment, despite firms citing new customer wins and planned investment as reasons for optimism into next year.
2026-09-03
Italian Services Output Growth Hits Six-Month High
The S&P Global Italy Services PMI rose to 52.5 in July 2026 from 50.2 in June, comfortably beating market expectations of 51.3 and signaling the strongest expansion in business activity since January. Growth was supported by the fastest increase in new orders this year, driven by stronger demand, new service offerings, successful client acquisition, and advertising efforts. Employment growth accelerated to a 13-month high and was among the strongest seen in more than two years, while the decline in outstanding business eased, pointing to improving capacity conditions. On the price front, input cost inflation remained elevated but slowed to its weakest pace since February, whereas output price inflation picked up. Meanwhile, business confidence softened slightly but continued to signal a positive outlook.
2026-08-05