The IHS Markit Italy Services PMI rose to 51.4 in September 2019 from 50.6 in the previous month and well above market expectations of 50.4. New order growth accelerated despite a further decline in new export sales, while the pace of job creation was the slowest since May. Moreover, the rate of backlog depletion was steep and the fastest since March 2016. On the price front, input cost inflation quickened to a ten-month high on exchange rate fluctuations and greater wage bills, while selling prices fell for the second month in a row and at the fastest pace since May, as Italian service providers reduced their charges in response to pressures to boost sales. Looking ahead, business sentiment improved markedly from August's one-year low, amid expectations of greater sales activity. Services PMI in Italy is reported by Markit Economics.

Services PMI in Italy is expected to be 50.40 Index 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 52.80 in 12 months time. In the long-term, the Italy Services PMI is projected to trend around 54.40 Index Points in 2020, according to our econometric models.

Italy Services PMI
width
height
Forecast Data Chart
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Italy Business Last Previous Highest Lowest Unit
Business Confidence 98.80 99.60 121.52 71.50 Index Points [+]
Manufacturing PMI 47.80 48.70 59.00 47.40 [+]
Services PMI 51.40 50.60 57.70 42.30 Index Points [+]
Industrial Production -1.80 -0.70 17.50 -25.90 percent [+]
Industrial Production Mom 0.30 -0.80 13.50 -14.80 percent [+]
Manufacturing Production -1.30 -1.80 19.40 -27.00 percent [+]
Capacity Utilization 77.20 76.80 81.00 64.90 percent [+]
New Orders 67.30 118.10 140.30 4.16 Index Points [+]
Factory Orders 1.10 -2.80 14.30 -12.30 percent [+]
Changes in Inventories -5786.60 -4427.20 5357.70 -5786.60 EUR Million [+]
Zew Economic Sentiment Index -25.60 -22.60 80.40 -61.60 [+]
Car Registrations 142136.00 88939.00 310337.00 53296.00 [+]
Internet Speed 9210.65 8669.14 9210.65 2453.86 KBps [+]
IP Addresses 13315518.00 13117319.00 18750460.00 5491532.00 IP [+]
Manufacturing Sales -0.30 -0.50 7.60 -6.60 percent [+]
Mining Production 0.30 -5.90 47.40 -26.20 percent [+]
Steel Production 857.00 2130.00 3033.00 750.00 Thousand Tonnes [+]
Competitiveness Index 71.53 70.77 71.53 4.30 Points [+]
Competitiveness Rank 30.00 31.00 49.00 30.00 [+]
Composite Pmi 50.60 50.30 59.00 48.80 [+]
Bankruptcies 2844.00 2823.00 4543.00 955.00 Companies [+]
Ease of Doing Business 51.00 46.00 87.00 44.00 [+]
Electricity Production 25294.00 28964.00 29587.00 21113.00 Gigawatt-hour [+]
Corruption Index 52.00 50.00 55.00 29.90 Points [+]
Corruption Rank 53.00 54.00 72.00 29.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 50.60 57.70 42.30 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 51.50 Sep/19
Brazil 51.80 Sep/19
China 51.30 Sep/19
Euro Area 51.60 Sep/19
France 51.10 Sep/19
Germany 51.40 Sep/19
India 48.70 Sep/19
Italy 51.40 Sep/19
Japan 52.80 Sep/19
Russia 53.60 Sep/19
Spain 53.30 Sep/19
United Kingdom 49.50 Sep/19
United States 50.90 Sep/19


Related

Latest