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.
The post Italy’s services PMI drops 51.2 in March from 53.8 in February, the lowest level since March 2015 appeared first on forex-analytics.press.