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.

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Italy Services PMI


News Stream
Italy Services Growth Slows
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.
2021-10-05
Italy Services Growth Holds at 14-Year High
The IHS Markit Italy Services PMI was steady at a 14-year high of 58 in August of 2021, the same as in July and compared to market forecasts of 58.5. New business rose rapidly again, amid strong demand conditions and the resumption of international travel, while inflationary pressures eased on the month, although nonetheless remained marked. At the same time, firms continued to raise their staffing levels, extending the current sequence of job creation which began in May. According to panellists, additional staff were being hired to deal with greater activity requirements and in anticipation of strong future demand. Meanwhile, business sentiment moderated to a 6-month low with concerns surrounding the pandemic, spread of variants and potential for stricter lockdown measures noted by some respondents.
2021-09-03
Italy Services Sector Growth at 14-Year High
The IHS Markit Italy Services PMI rose to 58 in July of 2021 from 56.7 in the previous month, slightly below market expectations of 58.3. The latest reading signalled a third successive monthly upturn in Italian services output, and one that was the strongest recorded since July 2007 as looser COVID-19 restrictions and the return of international travel led to stronger client demand. A record upturn in new export business provided a noticeable boost to the sector, with total new work rising at the quickest rate since late-2017 as a result. Firms also continued to take on additional staff in July, with job creation the strongest for nearly two years, in part reflecting sustained capacity pressures. Looking ahead, Italian services firms remained optimistic of higher business activity in the next 12 months. The level of sentiment moderated noticeably on the month, but was still elevated in the context of historical data.
2021-08-04

Italy Last Unit Reference Previous Highest Lowest
Services PMI 55.50 points Sep/21 58.00 58.00 10.80
Manufacturing PMI 59.70 points Sep/21 60.90 62.30 31.10
Composite PMI 56.60 points Sep/21 59.10 59.10 10.90


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.