The S&P Global Italy Services PMI slipped to 48.8 in March 2026 from 51.0 in the previous month, defying market expectations of 52.3. This marked a return to contraction territory for the first time since November 2024, as output declined due to fewer events following the Winter Olympics, generally soft demand conditions, and rising international uncertainty. Similarly, new business contracted for the first time in over a year, with the pace of decline the sharpest since November 2024. Meanwhile, employment levels were broadly unchanged from February, as limited hiring was offset by job cuts elsewhere. On the price front, input costs surged to a more than three-year high, reflecting higher wage pressures and increased costs for raw materials, energy, and fuel, largely linked to the ongoing Middle East conflict. Finally, business confidence fell to a seven-month low, as service providers pointed to a challenging economic outlook and heightened uncertainty tied to geopolitical tensions. source: S&P Global
Services PMI in Italy decreased to 48.80 points in March from 52.30 points in February of 2026. Services PMI in Italy averaged 50.23 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 48.80 points in March from 52.30 points in February of 2026. Services PMI in Italy is expected to be 52.50 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.