Italian S&P Global Services PMI (Mar) 48.8 vs. Exp. 50.8 (Prev. 52.3)
Importance
Level 1
- "The Italian services economy showed signs of fragility in March, as challenging external conditions due to war in the Middle East weighed on demand and activity."
- "Hikes to fuel, energy, raw material as well as wage costs placed additional pressure on operating expenses, with the rate of input price inflation soaring to its highest in over three years. With companies pushed to raise their own charges to protect margins, the outlook for future demand appears more difficult to navigate."
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