Italy Markit/ADACI Oct services PMI 52.1 vs 53.0 exp

Italy Markit/ADACI Oct services report now out 6 Nov

  • 53.2 prev
  • composite 53.9 vs 54.3 exp vs 54.3 prev

Says Markit:The Italian service sector continued to expand
during October, albeit at a slower rate amid reports
of weaker sales gains. Margins also came under
pressure as companies resorted to discounting to
support growth in spite of a marked upturn in
operating costs.
Service providers nonetheless continued to add to
their workforce numbers during the month and,
despite slower growth in sales and activity, were
more confident about the future. Business
expectations rose to the highest in 21 months
during October.
Full report here

France Germany and EZ to follow in rapid fire

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