The IHS Markit Italy Services PMI fell to 55.5 in September of 2021 from 58 in each of the previous two months which was the highest reading in 14 years. Figures compare with market forecasts of 56.5 and point to the slowest although solid growth in the services sector in four months. Output continued to increase sharply, amid reports of strong client demand, although the rate of expansion eased to the slowest since May. This was due, in part, to a similar slowdown in growth of new work which rose at the slowest pace in the current five-month sequence of expansion - although still sharply overall - amid a broad stagnation in inflows of new business from abroad. Cost pressures continued to spillover into the services sector, as the rate of input price inflation accelerated to the second-fastest for nearly a decade. Finally, business confidence was the highest in three months. source: Markit Economics
Services PMI in Italy averaged 49.52 points from 2011 until 2021, reaching an all time high of 58 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. Italy Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Services PMI in Italy is expected to be 54.90 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 55.00 points in 2022 and 54.40 points in 2023, according to our econometric models.