Markit Italy Services Purchasing Managers Index (PMI)

Country:
Italy
EUR, Euro
Source:
Sector:
Business
Medium 46.4 19.7
28.9
Last release Importance Actual Forecast
Previous
34
46.4
Next release Actual Forecast
Previous
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The Service Purchasing Managers Index (PMI) is released by IHS Markit monthly based on data collected through surveys of purchasing managers employed in service sector companies.

Markit Service PMI only includes information from private companies. Purchasing managers fill in questionnaire, in which they characterize the main parameters of their work:

  • Output
  • New orders
  • Backlogs
  • Price paid (for materials, services and goods purchased by the company)
  • Prices received
  • Suppliers' delivery times
  • Inventories
  • Employment
  • Future output

Respondents are asked to provide a relative estimate, showing whether the above parameters have improved, deteriorated or have not changed. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity.

This index has a reference value of 50.0. When the data are above this threshold, the values indicate that there is an expansion of the service sector. When the data are below the threshold, the values indicate that there is a contraction of the service sector.

Purchasing managers are considered to be among the first to see changes in industry sentiments and therefore the PMI is considered to feature a headline number and to provide insights into other key economic drivers such as GDP, inflation, employment, etc.

In case the published value is above the expected one, one could assume an appreciation of the Euro. In the event that the published value is below that expected, it could be assumed that the Euro will be depreciated and the Euro quotes will move accordingly.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit Italy Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2020
46.4
19.7
28.9
May 2020
28.9
14
10.8
Apr 2020
10.8
34.6
17.4
Mar 2020
17.4
51.8
52.1
Feb 2020
52.1
51.5
51.4
Jan 2020
51.4
51.4
51.1
Dec 2019
51.1
50.7
50.4
Nov 2019
50.4
52.3
52.2
Oct 2019
52.2
51.5
51.4
Sep 2019
51.4
51.8
50.6
Aug 2019
50.6
51.9
51.7
Jul 2019
51.7
51
50.5
Jun 2019
50.5
50.4
50
May 2019
50
50.6
50.4
Apr 2019
50.4
50.8
53.1
Mar 2019
53.1
51.2
50.4
Feb 2019
50.4
51.7
49.7
Jan 2019
49.7
51.2
50.5
Dec 2018
50.5
52.5
50.3
Nov 2018
50.3
49.2
Oct 2018
49.2
53.3
Sep 2018
53.3
52.6
Aug 2018
52.6
54
Jul 2018
54
54.3
Jun 2018
54.3
53.1
May 2018
53.1
52.6
Apr 2018
52.6
52.6
Mar 2018
52.6
55
Feb 2018
55
57.7
Jan 2018
57.7
55.4
Dec 2017
55.4
54.7
Nov 2017
54.7
52.1
Oct 2017
52.1
53.2
Sep 2017
53.2
55.1
Aug 2017
55.1
56.3
Jul 2017
56.3
53.6
Jun 2017
53.6
55.1
May 2017
55.1
56.2
Apr 2017
56.2
52.9
Mar 2017
52.9
54.1
Feb 2017
54.1
52.4
Jan 2017
52.4
52.3
Dec 2016
52.3
53.3
Nov 2016
53.3
51
Oct 2016
51
50.7
Sep 2016
50.7
52.3
Aug 2016
52.3
52
Jul 2016
52
51.9
Jun 2016
51.9
49.8
May 2016
49.8
52.1

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