Italy July services PMI 51.7 vs. 52.9 expected ...Middle East

Services PMI 51.7 vs. 52.9 expected and 53.7 prior.Composite PMI 50.3 vs. 51.3 prior.Key findings:Activity and new business rise at slower rates. Business confidence weakest in 2024 so far. Cost inflation trends upwards, while charge inflation cools.Comment:Commenting on the final PMI data, Dr Tariq Kamal Chaudhry, Economist at Hamburg Commercial Bank, said: “Services drives the Italian economy amid concerns of slowing growth. The service sector remains the main engine of the Italian economy, yet recent indicators suggest potential headwinds. The headline HCOB Italy Services PMI stood at 51.7 in July, marking a significant decline from the previous month. This represents the weakest activity

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Italy July services PMI 51.7 vs. 52.9 expected ...Middle East

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