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04.11.2015 15:04 Italy’s services PMI rises to 53.4 in October

Markit/ADACI's services purchasing managers' index (PMI) for Italy rose to 53.4 in October from 53.3 in September.


A reading above 50 indicates expansion in the sector.


The increase was driven by a stronger rise in new business.


"Italy's service sector continues to expand at a steady pace, with the headline PMI in October broadly in line with that seen in September and for the third quarter as a whole. Growth in new business strengthened to a six-month high, showing that demand continues to build," an economist at Markit Phil Smith said.

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