The IHS Markit Italy Services PMI fell to 50 in May 2019 from 50.4 in the previous month but beating market expectations of 49.7. New business dropped for the second time in the past four months and at the steepest pace since January 2015, as export orders fell for the tenth time in the past eleven months amid a reduction in orders from the US and UK. Meanwhile, the job creation rate rose at a faster pace. On the price front, input cost inflation slowed to a five-month low and output price inflation declined for the sixth straight month mostly due to efforts to stimulate customer demand and keep up with competitors. Looking ahead, sentiment was broadly unchanged, still remaining optimistic amid expectations of greater customer demand, marketing initiatives and investments in new product. Services PMI in Italy is reported by Markit Economics.

Services PMI in Italy is expected to be 50.50 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 52.00 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
width
height
Forecast Data Chart
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.


Italy Business Last Previous Highest Lowest Unit
Business Confidence 102.00 100.80 121.52 71.60 Index Points [+]
Manufacturing PMI 49.70 49.10 59.00 47.40 [+]
Services PMI 50.00 50.40 57.70 42.30 Index Points [+]
Industrial Production -1.50 -1.60 17.50 -26.00 percent [+]
Industrial Production Mom -0.70 -1.00 13.50 -14.80 percent [+]
Manufacturing Production -1.30 1.30 19.40 -26.90 percent [+]
Capacity Utilization 76.80 78.70 81.00 64.90 percent [+]
New Orders 102.00 118.60 140.30 4.16 Index Points [+]
Factory Orders -2.40 2.10 14.30 -12.30 percent [+]
Changes in Inventories -4480.00 -1660.10 5357.70 -4872.80 EUR Million [+]
Zew Economic Sentiment Index -43.10 -24.30 80.40 -61.60 [+]
Car Registrations 197307.00 174412.00 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 [+]
Mining Production 5.70 -1.50 47.20 -26.10 percent [+]
Steel Production 1950.00 2277.00 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 49.90 49.50 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 22439.00 23645.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.00 50.40 57.70 42.30 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 52.50 May/19
Brazil 47.80 May/19
China 52.70 May/19
Euro Area 53.40 Jun/19
France 53.10 Jun/19
Germany 55.60 Jun/19
India 50.20 May/19
Italy 50.00 May/19
Japan 51.70 May/19
Russia 52.00 May/19
Spain 52.80 May/19
United Kingdom 51.00 May/19
United States 50.70 Jun/19


Related

Latest