FOREX TradingCharts.com

Financial News: Italy's Service Sector Returns To Growth

Italy's Service Sector Returns To Growth

07/03/2019 - 08:52:00 (RTTNews)

(RTTNews) - Italy's service sector returned to growth in June as domestic and export orders recovered from May, survey data from IHS Markit showed Wednesday.

The services Purchasing Managers' Index climbed to 50.5 in June from 50.0 in May. A score above 50 indicates expansion.

The survey showed that inflows of new orders increased in June after falling in May. Job creation in services was the fastest since August 2007.

In order to boost sales activity and keep up with competitor's price discounting efforts, selling prices declined in June. The rate of decline was the slowest in the current seven-month sequence of deflation. Similarly, input cost inflation eased to the slowest in six months.

Finally, business optimism was the highest in 14 months in June, the survey showed. The private sector logged its first expansion since March. The composite output index climbed to 50.1 in June from 49.9 in May.

However, Amritpal Virdee, an economist at IHS Markit said looking at the second quarter as a whole, the economy remains on track to post a slight fall or no-change in GDP.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


IMF Trims Singapore's 2019 Growth Outlook (21 min(s), 29 sec(s) ago)
(RTTNews) - The International Monetary Authority lowered Singapore's growth outlook for 2019 c ...Full Story»

RBA Minutes: Board To Continue Monitoring Labor Market Closely (50 min(s), 31 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia said policymakers will continue monitoring the labor mar ...Full Story»

European Economics Preview: UK Labor Market Data Due (29 min(s), 31 sec(s) ago)
(RTTNews) - Labor market statistics from the UK and economic sentiment from Germany are due on Tue ...Full Story»

New Zealand Consumer Prices Climb 0.6% In Q2 (54 min(s), 31 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand advanced 0.6 percent on quarter in the second quarter o ...Full Story»

New Zealand Consumer Prices Rise 0.6% In Q2 (24 min(s), 31 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 0.6 percent on quarter in the second quarter of ...Full Story»

RBA Minutes On Tap For Tuesday (09 min(s), 31 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

WWII Code Breaker Mathematician Alan Turing To Feature On New GBP50 Note (04 min(s), 31 sec(s) ago)
(RTTNews) - The Bank of England announced on Monday that the mathematician and World War II code b ...Full Story»

New York Manufacturing Activity Rebounds Modestly In July (31 min(s), 31 sec(s) ago)
(RTTNews) - After reporting an unexpected contraction in regional manufacturing activity in the pr ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

IMF Trims Singapore's 2019 Growth Outlook

07/16/2019 - 00:29 AM (RTTNews)
(RTTNews) - The International Monetary Authority lowered Singapore's growth outlook for 2019 c ...Full Story>>

RBA Minutes: Board To Continue Monitoring Labor Market Closely

07/15/2019 - 23:41 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia said policymakers will continue monitoring the labor mar ...Full Story>>

European Economics Preview: UK Labor Market Data Due

07/15/2019 - 23:20 PM (RTTNews)
(RTTNews) - Labor market statistics from the UK and economic sentiment from Germany are due on Tue ...Full Story>>

New Zealand Consumer Prices Climb 0.6% In Q2

07/15/2019 - 19:45 PM (RTTNews)
(RTTNews) - Consumer prices in New Zealand advanced 0.6 percent on quarter in the second quarter o ...Full Story>>

New Zealand Consumer Prices Rise 0.6% In Q2

07/15/2019 - 19:15 PM (RTTNews)
(RTTNews) - Consumer prices in New Zealand were up 0.6 percent on quarter in the second quarter of ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.