Business News Asia
The Italian services sector contracted in September after growing slightly in August due to rising costs and economic uncertainty affecting customer demand.
According to S&P Global, the Purchasing Managers’ Index (PMI) for Italy’s service sector fell to 48.8 in September from 50.5 in August.
The PMI below 50 indicates a contraction in the service sector.
The composite PMI was 47.6 in September, down from 49.6 in August.