Italy May final services PMI 54.2 vs. 54.4 expected ...Middle East

Final Services PMI 54.2 vs. 54.4 expected and 54.3 prior.Final Composite PMI 52.3 vs. 52.6 prior.Key findings:Slower growth of both activity and new work. Inflationary pressures ease but remain historically elevated.Outlook brightens and jobs growth is accelerated.Comment:Commenting on the final PMI data, Dr Tariq Kamal Chaudhry, Economist at Hamburg Commercial Bank, said: “The Italian service sector continues to grow strongly. The HCOB Business Activity PMI Index for May has remained stable at 54.2. The growth seems to have a solid foundation and is likely to continue marching forward, with encouragement taken from the strong upward trend in the New Export Business Index" “The service secto

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