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05.08.2015 12:24 Italy’s services PMI declines to 52.0 in July

Markit/ADACI's services purchasing managers' index (PMI) for Italy was down to 52.0 in July from 53.4 in June.

A reading above 50 indicates expansion in the sector.



The fall was driven by a decline in employment.



"The service sector maintained its recent growth spell at the start of the third quarter and has now expanded in each of the past five months - the longest sequence since 2010. However, rather than building momentum, as is the case in manufacturing, growth appears to be fixed in a low gear," an economist at Markit Phil Smith said.

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