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Italian service sector activity unchanged in May
Business activity among Italian service providers failed to register an increase during May, as inflows of new business declined for the second time in the past four months. In contrast to the weaker readings for business activity and new orders, service sector job creation quickened in pace from April. On the price front, output charges fell for the sixth month in a row as panellists sought to stimulate customer demand. 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 ... (full story)