Italian S&P Global Services PMI (May) 49.4 vs. Exp. 49.1 (Prev. 49.8)
- "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."
#ITALY#DATA#EU SESSION#PURCHASING MANAGER INDEX#EU DATA