The IHS Markit Italy Services PMI edged up to 39.7 in December of 2020 from 39.4 in the previous month, well below market expectations of 45.3. The latest reading pointed to the fifth consecutive fall in the activity and signaled another marked decline overall, as coronavirus disease related measures continue to take their toll on the sector. Inflows of new work also declined, with the rate of contraction easing only marginally and remaining marked overall. Subsequently, companies continued to trim their staff numbers during December. Positive news of a vaccine and hopes of a strong economic recovery boosted sentiment, however, with confidence climbing to a three-month high. source: Markit Economics

Services PMI in Italy averaged 49.31 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 January of 2021.

Services PMI in Italy is expected to be 50.00 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 52.90 in 12 months time. In the long-term, the Italy Services PMI is projected to trend around 52.90 points in 2022 and 54.40 points in 2023, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Italy Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
39.70 39.40 57.70 10.80 2011 - 2020 points Monthly


News Stream
Italy Services Sector Contracts More than Expected
The IHS Markit Italy Services PMI edged up to 39.7 in December of 2020 from 39.4 in the previous month, well below market expectations of 45.3. The latest reading pointed to the fifth consecutive fall in the activity and signaled another marked decline overall, as coronavirus disease related measures continue to take their toll on the sector. Inflows of new work also declined, with the rate of contraction easing only marginally and remaining marked overall. Subsequently, companies continued to trim their staff numbers during December. Positive news of a vaccine and hopes of a strong economic recovery boosted sentiment, however, with confidence climbing to a three-month high.
2021-01-06
Italy Services Sector Shrinks More than Expected
The IHS Markit Italy Services PMI fell to 39.4 in November of 2020 from 46.7 in the previous month, below market expectations of 41.3. The latest reading pointed to the sharpest downturn in business activity since May amid a marked contraction in the level of new business, as the negative impact on demand stemming from the coronavirus disease 2019 pandemic and stricter lockdown measures hit the sector. As a result, firms continued to cut jobs, with the latest reduction the quickest since June and sharp overall. On the price front, inflationary pressures eased noticeably in November. Looking ahead, firms registered improved expectations with regards to activity in the coming 12 months amid hopes of an end to the pandemic and a global economic recovery. Still, business confidence remained subdued in the context of historical data.
2020-12-03
Italy Services Sector Downturn Worsens
The IHS Markit Italy Services PMI fell to 46.7 in October 2020 from 48.8 in the previous month, below market expectations of 47. Central to the sustained downturn was the quickest reduction in new business since June, with panellists linking declines in both output and new orders to weak client demand amid ongoing restrictions to tackle the coronavirus disease 2019 pandemic. As a result, firms continued to cut staffing levels, with the pace of job shedding accelerating on the month. Looking ahead, Italian service providers remained, on balance, optimistic with regards to activity over the coming 12 months. Although still above the crucial 50.0 mark, the Future Activity Index fell noticeably from September’s 30-month high and was the lowest since May.
2020-11-04
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 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.