The IHS Markit Italy Services PMI increased to 53.1 in March of 2019 from 50.4 in February, beating market forecasts of 50.8. The reading pointed to the strongest expansion in the services sector in six months, amid an improvement in domestic demand conditions. Total new business rebounded from February's decline and rose the most in six months while new export sales contracted for the ninth straight month. Job creation was the highest in three months. Also, input cost inflation dipped slightly, but remained marked due to greater wage bills and selling prices declined for the fourth straight time amid attempts to stimulate customer demand and match discounts from competitors. Finally, business confidence was the strongest in 11 months due to optimism to new product developments, expectations of greater sales activity and increased capacity. 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
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Italy Business Last Previous Highest Lowest Unit
Business Confidence 100.60 100.80 121.52 71.60 Index Points [+]
Manufacturing PMI 47.40 47.70 59.00 47.40 [+]
Services PMI 53.10 50.40 57.70 42.30 Index Points [+]
Industrial Production 0.90 -0.80 17.50 -26.00 percent [+]
Industrial Production Mom 0.80 1.90 13.50 -14.80 percent [+]
Manufacturing Production 1.30 -2.50 19.40 -26.90 percent [+]
Capacity Utilization 76.80 78.70 81.00 64.90 percent [+]
New Orders 109.90 107.20 140.30 4.16 Index Points [+]
Factory Orders -2.70 2.10 14.30 -12.30 percent [+]
Changes in Inventories -1878.40 68.40 5357.70 -4872.80 EUR Million [+]
Zew Economic Sentiment Index -16.80 -27.80 80.40 -61.60 [+]
Car Registrations 193662.00 177825.00 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 -1.50 -4.60 47.30 -26.20 percent [+]
Steel Production 2046.00 1959.00 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 51.50 49.60 59.00 48.80 [+]
Bankruptcies 2170.00 2949.00 4543.00 955.00 Companies [+]
Ease of Doing Business 51.00 46.00 87.00 44.00 [+]
Electricity Production 22679.00 26840.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.10 50.40 57.70 42.30 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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