The IHS Markit Italy Services PMI went up to 56.8 in June of 2021 from 53.1 in the previous month and signaled a back-to-back increase in services output. Moreover, the rate of growth was the strongest since January 2018, amid another sharp upturn in client demand, with panelists citing looser COVID-19 restrictions and the subsequent reopening of many companies. Subsequently, firms again increased their workforce numbers and the rate of job creation was the fastest since November 2019 and moderate overall. Turning to prices, the sustained recovery also brought further inflationary pressures in June. Looking ahead, confidence towards the year ahead outlook for services output strengthened, with firms the most upbeat since January 2010. source: Markit Economics
Services PMI in Italy averaged 49.33 points from 2011 until 2021, 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 July of 2021.
Services PMI in Italy is expected to be 56.80 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 54.00 in 12 months time. 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.