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    03.02.2016 15:20 Italy’s services PMI drops to 53.6 in January

    Markit/ADACI's services purchasing managers' index (PMI) for Italy dropped to 53.6 in January from 55.3 in December.


    A reading above 50 indicates expansion in the sector.


    The index was driven by a slower growth in new business and job creation.


    "The service sector began the year growing at a softer pace than was seen in December; however this shouldn't raise too many eyebrows as December marked one of the best months in quite some time. It was encouraging to see new business rise again after a marked gain in the month before, which maintains momentum and should mean that more jobs are added in the coming months," an economist at Markit Phil Smith said.

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