Italy Services Growth Speeds Up
Italy's service sector growth accelerated in October with the PMI rising to 52.0. However, cost pressures intensified sharply due to Middle East turmoil, pushing input prices to their highest level since late 2022.
Perspectivas:
Italy's service sector growth accelerated to 52.0 in October, driven by rising new business despite intensifying cost pressures. The reading surpassed the 51.5 consensus forecast in a Reuters survey of 11 analysts. The expansion helps cushion broader economic stagnation across the eurozone's third-largest economy.
