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    05.04.2016 12:54 Italy’s services PMI drops 51.2 in March from 53.8 in February, the lowest level since March 2015

    Markit/ADACI's services purchasing managers' index (PMI) for Italy dropped to 51.2 in March from 53.8 in February. It was the lowest level since March 2015.

     

    A reading above 50 indicates expansion in the sector.

     

    The index was mainly driven by a softer growth in new business.

     

    "The drop in the services PMI signals a loss of growth momentum at the end of the first quarter," an economist at Markit Phil Smith said.


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