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Italy Services Purchasing Managers Index (PMI)

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Italy Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
May 05, 2021
Actual
47.3
Forecast
49.8
Previous
48.6
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
May 05, 2021 (Apr) 03:45 47.3 49.8 48.6
Apr 07, 2021 (Mar) 03:45 48.6 49.0 48.8
Mar 03, 2021 (Feb) 04:45 48.8 46.0 44.7
Feb 03, 2021 (Jan) 04:45 44.7 39.5 39.7
Jan 06, 2021 (Dec) 04:45 39.7 45.3 39.4
Dec 03, 2020 (Nov) 04:45 39.4 41.3 46.7

News

StockBeat: Services PMI Horror Show Sends Markets Lower
StockBeat: Services PMI Horror Show Sends Markets Lower By Investing.com - Apr 03, 2020 10

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...

StockBeat - Trade, Brexit and PMIs Give Rally New Legs
StockBeat - Trade, Brexit and PMIs Give Rally New Legs By Investing.com - Apr 03, 2019 3

By Geoffrey Smith Investing.com -- Europe’s stock markets are heading higher as surveys of the services sector in China and elsewhere raised hopes that the global economy is pulling out of the...

Analysis

Jeffrey Halley
FOMC Minutes Keep Markets Drifting By Jeffrey Halley - Apr 08, 2021

Markets show muted response to FOMC minutes The FOMC minutes passed without incident overnight. The committee felt that risks were balanced but that the economy remained far from the FOMC’s...

Marc Chandler
The US Dollar Finds Footing (Again) By Marc Chandler - Mar 03, 2021

Equities have more stable footing today, despite yesterday's losses in the US, as the relative stability in the bond markets bolster risk-appetites. Led by a 2.7% rally in Hong Kong, which matches its...

Italian Services PMI Discussion

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