Italia: Composite PMI index falls to 51 in September; services at 51.7

(Il Sole 24 Ore Radiocor) - Private-sector output in Italia has slowed to a three-month low. Down from 53.6 in August, the S&P Global PMI composite output index for Italia contracted to 51.0 in September. The latest reading signalled modest growth in private sector output, which was the slowest of the third quarter. The decline was even sharper in the services sector, where the economic activity index – which had hit a 40-month high of 55.2 in August – contracted to 51.7 in September. “This figure,” notes S&P Global, “indicates modest growth, the weakest of the third quarter.”

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