Breaking News

Italy Services Purchasing Managers Index (PMI)

Latest Release

Nov 06, 2024

Actual

52.4

Forecast

50.3

50.5

The Italian Services Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by firms in the services sector throughout the country. A reading above fifty suggests the service sector is expanding, while a reading below fifty suggests the service sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. The service sector is far larger than manufacturing sector and thus accounts for the largest share of the country’s economic output.

A reading that is stronger than forecast is generally supportive (bullish) for the EUR , while a weaker than forecast reading is generally negative (bearish) for the EUR.

Importance:

Country:

Currency: EUR

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Dec 04, 2024 (Nov)	08:45			52.4
Nov 06, 2024 (Oct)	08:45	52.4	50.3	50.5
Oct 03, 2024 (Sep)	07:45	50.5	51.2	51.4
Sep 04, 2024 (Aug)	07:45	51.4	52.5	51.7
Aug 05, 2024 (Jul)	07:45	51.7	53.0	53.7
Jul 03, 2024 (Jun)	07:45	53.7	53.9	54.2

News

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Investing.com - Today the Bank of England announces its interest rate decision. We are still in the middle of the corporate earnings season. The Brent rises. Cryptocurrencies move lower this...

Italy's services sector broadly stable in December- PMI By Reuters - Jan 04, 2023

ROME (Reuters) - Italy's services sector registered broadly stable activity in December, a survey showed on Wednesday, holding up better than expected as new business grew for the first time since...

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By Peter Nurse Investing.com - European stock markets largely edged lower Monday ahead of the release of key activity data, with caution key even as more Chinese cities relaxed mobility...

Analysis

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The closely watched US jobs report, due out on Friday 8 July, is expected to show that the world’s largest economy added 300,000 non-farm payrolls in June. Beyond that headline figure, attention...

Fed Expected To Raise Rates By 50bps, But Guidance Is Expected To Be Key By Michael Hewson - May 04, 2022

After a disappointing start to the week, European markets rebounded yesterday, while the return of the UK market saw the FTSE100 eke out a small gain largely down to a solid performance from BP...

Services PMIs In Focus As RBA Brings Forward Its Rate Hike Timeline By Michael Hewson - Apr 05, 2022

European markets got off to a cautious start to the week, finishing higher despite talk of tougher sanctions in response to reported Russian atrocities in Bucha, just outside Kyiv.US markets also...

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