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Italy Services Purchasing Managers Index (PMI)

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Italy Services Purchasing Managers Index (PMI)

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Latest Release
Nov 06, 2024
Actual
52.4
Forecast
50.3
Previous
50.5
The Italian Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.

The report is based on surveys of about 450 business executives in private sector services companies.

Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.

Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Importance:
Country:
Currency: EUR
Source: Markit
Italy Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 04, 2024 (Nov) 03:45     52.4
Nov 06, 2024 (Oct) 03:45 52.4 50.3 50.5
Oct 03, 2024 (Sep) 02:45 50.5 51.2 51.4
Sep 04, 2024 (Aug) 02:45 51.4 52.5 51.7
Aug 05, 2024 (Jul) 02:45 51.7 53.0 53.7
Jul 03, 2024 (Jun) 02:45 53.7 53.9 54.2

News

European stocks largely lower, Eurozone PMIs in focus
European stocks largely lower, Eurozone PMIs in focus By Investing.com - Dec 05, 2022

By Peter Nurse  Investing.com - European stock markets largely edged lower Monday ahead of the release of key activity data, with caution key even as more Chinese cities relaxed mobility...

StockBeat: Services PMI Horror Show Sends Markets Lower
StockBeat: Services PMI Horror Show Sends Markets Lower By Investing.com - Apr 03, 2020 9

By Geoffrey Smith  Investing.com -- Europe’s stock markets took another dip on Friday after the round of final purchasing manager indices for the month confirmed what amounts to a sudden stop in the...

Analysis

Marc Chandler
Fed Day By Marc Chandler - May 04, 2022 1

The markets are mostly treading water ahead of the FOMC decision later today. Tech stocks tumbled in Hong Kong and the Hang Seng fell a little more than 1%, while India was the worst performer in...

HCOB Italy Services PMI Discussion

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