Italy April services PMI 49.8 vs 47.6 expected
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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.
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