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    03.09.2015 12:20 Italy’s services PMI rises to 54.6 in August, the highest level since March 2010

    Markit/ADACI's services purchasing managers' index (PMI) for Italy climbed to 54.6 in August from 52.0 in July. It was the highest level since March 2010.



    A reading above 50 indicates expansion in the sector.



    The increase was driven by a rise in employment and new business.



    "Data showed companies in the service sector creating jobs again after a brief hiatus during July, encouraged by growth in their backlogs of work. A slower increase in new business and a deterioration in companies' future expectations pose some downside risks to the pace of growth in the near-term, however," an economist at Markit Phil Smith said.

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