Italy’s services PMI drops below 50 threshold – English

(ANSA) – ROME, SEP 5 – S&P’s HCOB Purchasing Managers’ Index
(PMI) for services in Italy dropped below the 50 threshold in
August to fall to 49.8 from 51.5 in July.

   
Investors had expected the services PMI to fall, but only to
50.4.

   
A PMI score over than 50 indicates an expansionary climate while
a score below 50 forecasts contraction.

   
It is the first time the index has dropped below 50 this year.

   
The composite HCOB PMI for Italy was also down in August,
dropping to 48.3 from 48.9 in July. (ANSA).