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Italy July services PMI 51.5 vs 52.2 expected

Italy July services PMI 51.5 vs 52.2 expected
Prior 52.2Composite PMI 48.9Prior 49.7Italian services sector growth eases further in July as new business is headed for stagnation. Of note, there was a first drop in employment conditions since April 2021 as economic uncertainty is starting to creep back into the economy. HCOB notes that:"In the face of a challenging economic landscape at the onset of the third quarter, the Italian service sector exhibits remarkable resilience. Despite facing a third consecutive monthly decline, the HCOB PMI f... Read More
Posted: Aug 3 2023, 07:45
Author Name: forexlive
Views: 110630

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