The IHS Markit Italy Services PMI increased to 48.8 in September of 2020 from 47.1 in August, beating market forecasts of 46.6. Still, the reading pointed to the second straight decline in services activity and the 6th in seven months due to the coronavirus crisis. Business activity declined for the second month running, while the level of total new business fell marginally again. International demand remained weak, as new export orders fell at a slightly quicker pace and markedly. Subsequently, firms reduced their workforce numbers again. The rate of job shedding was the slowest in the current seven-month sequence of job cuts, but nonetheless remained solid. Meanwhile, the Future Activity Index reached the highest since March 2018 and signalled a robust level of confidence with regards to output over the coming 12-months.

Services PMI in Italy averaged 49.50 points from 2011 until 2020, 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 October of 2020. source: Markit Economics

Services PMI in Italy is expected to be 44.00 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 52.50 in 12 months time. In the long-term, the Italy Services PMI is projected to trend around 52.90 points in 2021 and 54.40 points in 2022, according to our econometric models.

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Italy Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.80 47.10 57.70 10.80 2011 - 2020 points Monthly


News Stream
Italy Services Sector Shrinks Less than Expected
The IHS Markit Italy Services PMI increased to 48.8 in September of 2020 from 47.1 in August, beating market forecasts of 46.6. Still, the reading pointed to the second straight decline in services activity and the 6th in seven months due to the coronavirus crisis. Business activity declined for the second month running, while the level of total new business fell marginally again. International demand remained weak, as new export orders fell at a slightly quicker pace and markedly. Subsequently, firms reduced their workforce numbers again. The rate of job shedding was the slowest in the current seven-month sequence of job cuts, but nonetheless remained solid. Meanwhile, the Future Activity Index reached the highest since March 2018 and signalled a robust level of confidence with regards to output over the coming 12-months.
2020-10-05
Italy Services Sector Contracts More than Expected
The IHS Markit Italy Services PMI dropped to 47.1 in August of 2020 from 51.6 in the previous month and below market expectations of 49.2. The reading pointed to a renewed decline in the service sector but was noticeably softer than the unprecedented reductions seen during the height of the pandemic. Business activity declined moderately, amid a further drop in total new business and a marked reduction in foreign demand. Subsequently, the year-ahead outlook for activity moderated, with sentiment the lowest for three months and subdued in the context of historical data.
2020-09-03
Italy Services Sector Bounces Back into Growth in July
The IHS Markit Italy Services PMI rose to 51.6 in July of 2020 from 46.4 in June, beating market expectations of 51.1. The reading pointed to the first expansion in services activity since February when the pandemic hit, amid slightly improved demand conditions and the loosening of lockdown restrictions. Incoming new business was broadly stable after five consecutive months of declines while expectations with regards to activity over the year ahead strengthened to a six-month high supported by hopes of an economic recovery. Meantime, staff numbers continued to be shed markedly, although at the softest pace in five months. On the price front, input costs rose for the second month running and solidly overall, with linked to greater fuel and staff costs, alongside expenditure on personal protection equipment (PPE). Meanwhile, selling prices decreased for the twelfth month running, led by competitive pressures.
2020-08-05
Italy Services Sector Shrinks More than Expected
The IHS Markit Italy Services PMI rose to 46.4 in June of 2020 from 28.9 in May, but below market forecasts of 47. The reading still pointed to a sharp contraction in services activity after the country ended its coronavirus lockdown. Incoming new business declined further, with the reduction remaining sharp despite easing. Amid muted demand conditions, service providers reduced staff numbers markedly. On the price front, Italian service providers recorded a renewed increase in cost burdens during June, linked by to the purchasing of safety and security equipment to control the pandemic as well as higher staff costs. Firms continued to discount selling prices to drive sales, however. Encouragingly, activity expectations improved, but the level of positive sentiment remained subdued in the context of historical data.
2020-07-03

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.