The IHS Markit Italy Services PMI fell to 49.7 in January of 2019 from 50.5 in December, lower than market expectations of 50. The reading pointed to a contraction in services activity after two months of small increases amid weaker new orders growth, a drop in new business from abroad and first fall in employment since September of 2016. Also, backlogs of work declined for the first time in six months; input cost inflation quickened due to rising commodity and staffing costs; and output charges declined. Finally, sentiment among Italian service providers fell to the weakest in five months. Services PMI in Italy is reported by Markit Economics.

Services PMI in Italy is expected to be 50.10 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 51.50 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
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Italy Business Last Previous Highest Lowest Unit
Business Confidence 102.10 103.40 121.52 71.50 Index Points [+]
Manufacturing PMI 47.80 49.20 59.00 47.80 [+]
Services PMI 49.70 50.50 57.70 42.30 Index Points [+]
Industrial Production -5.50 -2.60 17.50 -26.00 percent [+]
Industrial Production Mom -0.80 -1.70 13.50 -14.80 percent [+]
Manufacturing Production -5.50 -2.50 19.40 -26.90 percent [+]
Capacity Utilization 78.70 77.90 81.00 64.90 percent [+]
New Orders 107.50 108.70 140.30 4.16 Index Points [+]
Factory Orders -1.80 -0.40 14.30 -12.30 percent [+]
Changes in Inventories 1089.30 157.50 5282.90 -4832.60 EUR Million [+]
Zew Economic Sentiment Index -35.40 -51.90 80.40 -61.60 [+]
Car Registrations 164864.00 124078.00 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 [+]
Mining Production -2.80 -5.70 47.40 -26.20 percent [+]
Steel Production 1655.00 2186.00 3033.00 750.00 Thousand Tonnes [+]
Competitiveness Index 70.77 70.46 70.77 4.30 Points [+]
Competitiveness Rank 31.00 31.00 49.00 31.00 [+]
Composite Pmi 48.80 50.00 59.00 48.80 [+]
Bankruptcies 2170.00 2949.00 4543.00 955.00 Companies [+]
Ease of Doing Business 51.00 46.00 87.00 44.00 [+]
Electricity Production 24063.00 24827.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.70 50.50 57.70 42.30 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 44.30 Jan/19
Brazil 52.00 Jan/19
China 53.60 Jan/19
Euro Area 51.20 Jan/19
France 47.80 Jan/19
Germany 53.00 Jan/19
India 52.20 Jan/19
Italy 49.70 Jan/19
Japan 51.60 Jan/19
Russia 54.90 Jan/19
Spain 54.70 Jan/19
United Kingdom 50.10 Jan/19
United States 54.20 Jan/19


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