Italy November services PMI 49.2 vs 51.2 expected ...Middle East

Services PMI 49.2 vs. 51.2 expected and 52.4 prior.Composite PMI 47.7 vs. 51.0 prior.Key findings:Service sector registers fresh decline in activity, albeit only marginal Fastest decline in new business for over two years Slight increase in payroll numbers, but business expectations dullComment:Commenting on the final PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “Italy is set to end the year with weak growth in the fourth quarter. The Italian Composite HCOB PMI fell into contraction territory in November, with disappointing figures in both manufacturing and services. The uncertainty following the US election, which is fuelled by a potential trade war is leadi

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Italy November services PMI 49.2 vs 51.2 expected ...Middle East

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