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2026-11-04 17:22:26
[Italy's October Services PMI Rises to 52.0, a Three-Month High] ⑴ The S&P Global Italy Services PMI rose to 52.0 in October 2026 from 51.7 in the previous month, exceeding market expectations of 51.5 and reaching a three-month high. ⑵ This marks the fifth consecutive month of expansion for the index, returning to its long-term trend level. ⑶ Stronger inflows of new business, particularly from new contracts and customer orders in the domestic market, supported activity levels. However, export sales growth slowed to a meager pace. ⑷ Employment growth accelerated slightly as backlogs rose for the first time in seven months, encouraging businesses to hire further, but job creation remained at a marginal level. ⑸ On the price front, input cost inflation rose to its highest level in nearly four years, mainly reflecting energy pressures related to the Middle East conflict. Output price inflation also accelerated as businesses faced increasing cost pressures. ⑹ Meanwhile, business confidence rose to its highest level since November 2025.
