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Italian service sector returns to growth as demand strengthens
Italy's service sector returned to growth during May, according to the latest PMI® data, with business activity rising for the first time in nearly a year and at the fastest rate since March 2019, amid the strongest uplift in new work for over three years. Stronger capacity pressures and company re-openings amid looser COVID-19 restrictions also led to a broad stabilisation of employment. The headline index from the report, the seasonally adjusted 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 ... (full story)