The IHS Markit Italy Services PMI jumped to 53.1 in May 2021, from 47.3 in the previous month and above market expectations of 52.5, pointing to the first month of output expansion since July 2020 and the strongest growth since March 2019. New business growth was the most marked for over three years, as demand was boosted by company re-openings amid looser COVID-19 restrictions. New export orders, however, continued to decline. Elsewhere, services employment stabilized, following a 14-month sequence of reduction, with some firms saying they were taking on staff to alleviate capacity pressures. On the price front, cost burdens facing Italian services firms rose at the quickest rate since April 2012, while average charges were increased for the first time in nearly two years. Looking ahead, business sentiment was the strongest for over 11 years. source: Markit Economics

Services PMI in Italy averaged 49.27 points from 2011 until 2021, reaching an all time high of 57.70 points in January of 2018 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. Italy Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Services PMI in Italy is expected to be 52.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Italy to stand at 53.60 in 12 months time. In the long-term, the Italy Services PMI is projected to trend around 55.00 points in 2022 and 54.40 points in 2023, according to our econometric models.

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Italy Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.10 47.30 57.70 10.80 2011 - 2021 points Monthly


News Stream
Italy Service Sector Returns to Growth in May
The IHS Markit Italy Services PMI jumped to 53.1 in May 2021, from 47.3 in the previous month and above market expectations of 52.5, pointing to the first month of output expansion since July 2020 and the strongest growth since March 2019. New business growth was the most marked for over three years, as demand was boosted by company re-openings amid looser COVID-19 restrictions. New export orders, however, continued to decline. Elsewhere, services employment stabilized, following a 14-month sequence of reduction, with some firms saying they were taking on staff to alleviate capacity pressures. On the price front, cost burdens facing Italian services firms rose at the quickest rate since April 2012, while average charges were increased for the first time in nearly two years. Looking ahead, business sentiment was the strongest for over 11 years.
2021-06-03
Italian Services Contract More than Expected
The IHS Markit Italy Services PMI decreased to 47.3 in April of 2021 from 48.6 in the previous month and missed market expectations of 49.8. The latest reading signaled the ninth straight monthly contraction in the services sector, and the steepest since January. Business activity, new orders, and exports declined at the start of the new quarter, as pandemic-related restrictions continued to weigh on consumer demand. The lower sales volumes and activity requirements resulted in another cut in jobs. Inflationary pressure remained evident in input costs, with price hikes in fuel and raw materials, while output charges fell marginally. Looking ahead, firms were optimistic about a recovery in output levels as the vaccines rollout faster and the pandemic weighs less on demand.
2021-05-05
Italy Services Downturn Unexpectedly Worsens
The IHS Markit Italy Services PMI edged down to 48.6 in March of 2021 from 48.8 in the previous month and below market expectations of 49. The latest reading signaled an eighth straight monthly contraction in service sector output, albeit one that was marginal overall. Business activity declined further, and at a slightly accelerated pace, amid a renewed dip in new work. As a result, firms continued to trim their workforce numbers during March, with the rate of job shedding quickening on the month. Nonetheless, the ongoing coronavirus disease vaccine rollout and hopes of a recovery buoyed business confidence during March, with sentiment the strongest for over a decade.
2021-04-07
Italy Services Sector Shrinks the Least in 5 Months
The IHS Markit Italy Services PMI rose to 48.8 in February of 2021 from 44.7 in the previous month and above market expectations of 46. Still, the latest reading pointed to the seventh consecutive monthly fall in the activity but the rate of decline was the slowest since last September, while the level of new business stabilized. New export orders extended the current sequence of contraction to 20 months but marked the lowest decrease since last February and the fall in employment was the slowest in the current year-long sequence of decline. Looking ahead, service providers recorded the most upbeat year-ahead activity expectations since May 2011 during February.
2021-03-03

Italy Services PMI
Markit/ADACI 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.