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Italy: June sees sharpest decrease in business activity for three months
June PMI data signalled accelerated declines in both business activity and employment at Italy’s service providers, wh ile the level of incoming new work in the sector again fell markedly. Businesses meanwhile faced only mild cost pressures, and continued to cut output prices in a bid to improve their competitiveness. Business activity in Italy’s service sector decreased at a faster pace in June, as highlighted by 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 ... (full story)