---
title: "Italy April services PMI 49.8 vs 47.6 expected"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285332390.md"
description: "Italy's April services PMI rose to 49.8, surpassing the expected 47.6, while the prior was 48.8. The Composite PMI increased to 50.5 from 49.2. Key findings indicate stable activity levels, renewed growth in new business despite a decline in export sales, and intensified cost pressures. Economist Eleanor Dennison noted that uncertainty from the Middle East conflict is impacting the service sector, with firms struggling to pass on costs to customers, potentially affecting the labor market and investment if this trend continues."
datetime: "2026-05-06T07:45:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285332390.md)
  - [en](https://longbridge.com/en/news/285332390.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285332390.md)
---

# Italy April services PMI 49.8 vs 47.6 expected

-   Prior 48.8
-   Composite PMI 50.5 vs 49.2 prior

Key findings:

-   Activity levels little-changed
-   Growth in overall new business reinstated despite sharper fall in export sales
-   Cost pressures intensify, but charge inflation cools

Comment:

Eleanor Dennison, Economist at S&P Global Market Intelligence:

_"The uncertainty caused by the outbreak of war in the Middle East continued to weigh on the Italian service sector as we move into the second quarter of the year. Not only did firms continue to face building cost pressures, but this also again had a knock-on effect on demand. Although growth in new business was renewed, the upturn as among the weakest seen since the start of l ast year._

_"April data pointed to the largest gap in the PMI price indices since the end of 2022, as in fear of deterring already muted demand, firms were less able to pass cost burdens onto customers. This squeeze on margins is likely to have an adverse impact on labour market and investment outcomes if sustained."_

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