Latest survey data showed Italy’s service sector growing at the start of the third quarter. Business activity rose modestly in July, supported by accelerating inflows of new work at companies. However, employment fell slightly and for the first time in six months, despite businesses’ future expectations rebounding from June’s recent low. The headline seasonally adjusted Markit/ADACI Business Activity Index – which is based on a single question asking respondents to report on the actual change in business activity at their companies compared to one month ago – registered 52.0 in July, signalling a fifth successive ... (full story)