Italian S&P Global Services PMI (Oct) 52.0 vs. Exp. 51.5 (Prev. 51.7)
ORIGINAL · NewsquawkItalian S&P Global Services PMI (Oct) 52.0 vs. Exp. 51.5 (Prev. 51.7)Read originalHide original
"Granular sub-sector data revealed the commercial & professional services segment was the only drag, with the consumer services and software & communication sectors recording fresh upturns. The financials & real estate segment continued to lead growth, despite softening again." "The main challenges facing Italian service companies were softness in export demand and the build-up of cost pressures, two factors that are highly exposed to the ongoing conflict in the Middle East."
Italy’s October services PMI was reported above expectations; sector performance varied, while export-demand softness and cost pressures were identified as challenges.
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"Granular sub-sector data revealed the commercial & professional services segment was the only drag, with the consumer services and software & communication sectors recording fresh upturns. The financials & real estate segment continued to lead growth, despite softening again." "The main challenges facing Italian service companies were softness in export demand and the build-up of cost pressures, two factors that are highly exposed to the ongoing conflict in the Middle East."
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