June sees further marked decrease in Italian services activity

From markiteconomics.com

June data pointed to another considerable contraction in services activity in Italy. Employment in the sector fell at a solid and accelerated pace, while expectations of a return to growth in the coming year were the lowest in 2012 so far. This was despite the rate of decline in new business slowing notably on the month. Cost inflation meanwhile eased to the weakest since last November. The 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 – posted at ... (full story)