Italy service sector contracts fractionally for second month

Italy service sector contracts fractionally for second month - PMI

© Reuters. FILE PHOTO: People sit at a restaurant in Matera, Italy, June 28, 2021. REUTERS/Yara Nardi/File Photo

The result was broadly as expected, with a Reuters survey of 15 analysts pointing to a figure of 50.0. The services PMI's new business indicator climbed in September to 50.0, indicating stagnation, from 48.1 in August. The employment indicator recovered to 51.0 from an August low of 47.3. The government last week cut its growth forecast for 2023 to 0.8% from a 1.0% projection made in April, and lowered next year's outlook to 1.2% from 1.5%.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Use standard writing style.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK factory activity slows sharply in SeptemberUK factory activity slows sharply in September - PMI
Read more »

Asia Day Ahead: China’s PMI Mixed, BOJ Minutes Well-Received by NikkeiThe softening in US August core PCE inflation failed to drive a sustained rebound in Wall Street last Friday. China and Hong Kong markets are closed today.
Read more »

WTI treads waters near $90.00 with a negative bias, US PMI, Fed Powell's speech eyedWestern Texas Intermediate (WTI) oil price hovers around $90.00 per barrel during the Asian session on Monday. The Crude oil price struggles to recove
Read more »

Asia-Pacific stocks fall even as China's factory activity expands for the first time in six monthsAsia-Pacific stocks fell after China's manufacturing PMI for bounces back to expansion territory.
Read more »

Russian factory activity grows at fastest pace in over six years in Sept -PMI By ReutersRussian factory activity grows at fastest pace in over six years in Sept -PMI
Read more »

Turkish manufacturing activity contracts in SeptemberTurkish manufacturing activity contracts in September - PMI
Read more »