The IHS Markit Italy Services PMI rose to 51.7 in July 2019 from 50.5 in the prior month and beating market consensus of 50.6. The reading pointed to the fastest expansion in the services sector since March, as new orders rose the most in four months mainly driven by the domestic market. On the other hand, export orders fell, amid difficulties in the automotive sector including a reduction in new car sales. Meantime, output and employment grew at a moderate pace. On the price front, input prices rose the most in three months, due to greater fuel and wage costs. However, output charges were left broadly unchanged, following seven consecutive months of declines. Looking ahead, confidence picked up to the highest level since March 2018, linked to greater marketing, new product launches and hopes of renewed export growth. Services PMI in Italy is reported by Markit Economics.

Services PMI in Italy is expected to be 51.20 Index 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 52.40 in 12 months time. In the long-term, the Italy Services PMI is projected to trend around 54.40 Index Points in 2020, according to our econometric models.

Italy Services PMI
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Italy Business Last Previous Highest Lowest Unit
Business Confidence 100.10 100.70 121.52 71.50 Index Points [+]
Manufacturing PMI 48.50 48.40 59.00 47.40 [+]
Services PMI 51.70 50.50 57.70 42.30 Index Points [+]
Industrial Production -1.20 -0.60 17.50 -26.00 percent [+]
Industrial Production Mom -0.20 1.00 13.50 -14.80 percent [+]
Manufacturing Production -0.90 -2.20 19.40 -27.00 percent [+]
Capacity Utilization 77.20 76.80 81.00 64.90 percent [+]
New Orders 116.20 102.00 140.30 4.16 Index Points [+]
Factory Orders 2.50 -2.20 14.30 -12.30 percent [+]
Changes in Inventories -4480.00 -1660.10 5357.70 -4872.80 EUR Million [+]
Zew Economic Sentiment Index -49.50 -28.00 80.40 -61.60 [+]
Car Registrations 152800.00 171626.00 310337.00 53296.00 [+]
Internet Speed 9210.65 8669.14 9210.65 2453.86 KBps [+]
IP Addresses 13315518.00 13117319.00 18750460.00 5491532.00 IP [+]
Manufacturing Sales 1.60 -1.10 7.60 -6.60 percent [+]
Mining Production -0.80 -5.60 47.20 -26.10 percent [+]
Steel Production 2086.00 2215.00 3033.00 750.00 Thousand Tonnes [+]
Competitiveness Index 70.77 70.46 70.77 4.30 Points [+]
Competitiveness Rank 31.00 31.00 49.00 31.00 [+]
Composite Pmi 51.00 50.10 59.00 48.80 [+]
Bankruptcies 2823.00 3029.00 4543.00 955.00 Companies [+]
Ease of Doing Business 51.00 46.00 87.00 44.00 [+]
Electricity Production 23003.00 22439.00 29587.00 21113.00 Gigawatt-hour [+]
Corruption Index 52.00 50.00 55.00 29.90 Points [+]
Corruption Rank 53.00 54.00 72.00 29.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.70 50.50 57.70 42.30 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 43.90 Jul/19
Brazil 52.20 Jul/19
China 51.60 Jul/19
Euro Area 53.40 Aug/19
France 53.30 Aug/19
Germany 54.40 Aug/19
India 53.80 Jul/19
Italy 51.70 Jul/19
Japan 53.40 Aug/19
Russia 50.40 Jul/19
Spain 52.90 Jul/19
United Kingdom 51.40 Jul/19
United States 50.90 Aug/19


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