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Financial News: Italy Services Growth Improves In September

Italy Services Growth Improves In September

10/03/2018 - 04:34:00 (RTTNews)

(RTTNews) - Italy's service sector growth accelerated in September, supported by stronger rises in activity and new orders, data from IHS Markit showed Wednesday.

The services Purchasing Managers' Index rose to 53.3 in September from 52.6 in August. A reading above 50 indicates expansion in the sector.

New orders grew at the fastest rate in three months amid reports of firmer underlying market demand.

Growth in staffing numbers was again solid, improving since August to reach its highest level since May.

On the price front, input price inflation quickened to the highest since May 2015, led by higher prices of fuel and transport-related services. Meanwhile, ongoing competitive pressures forced firms to reduce their output prices further.

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