Italian S&P Global Services PMI (May) 49.4 vs. Exp. 49.1 (Prev. 49.8)
Newsquawk Staff ·
- "The Italian private sector continued to rely on the manufacturing boost brought on by panic-driven stockpiling to avoid a contraction in May"
- "We can see that the services economy is struggling in the face external challenges, contributing to dampened demand, particularly from domestic customers."
- Middle East conflict "impact on inflationary pressures has been significant, and we are yet to know if the prices have reached their peak."
Sources
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
- US S&P Global Services PMI Flash (Oct) 57.9 vs. Exp. 58 (Prev. 58.8)
- US S&P Global Composite PMI Flash (Oct) 57.6 (Prev. 58.4)
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
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