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Strongest uplift in Italian service sector activity for nearly a year

From pmi.spglobal.com

Italy's service economy expanded during March for a third successive month, supported by a rapid increase in new work that was the quickest since August 2021. This was accompanied by ongoing recruitment, with firms stating a preference for parttime workers, in particular. As a result, service providers were able to make slight inroads to their outstanding work, but at a reduced rate amid a faster uptick in demand. Finally, though price pressures remained strong, this failed to dampen confidence towards the outlook for activity which strengthened. The headline index from the report, the HCOB Italy Services PMIŽ ... (full story)

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