Italy’s private sector expansion slowed marginally in May, as the HCOB Italy Composite PMI edged down to 50.4 from 50.5 in April 2026. The latest reading, released on 3 June 2026, still sits just above the 50.0 threshold that separates expansion from contraction, indicating that overall business activity continued to grow, albeit at a slightly weaker pace.
The near-unchanged index suggests that Italy’s combined manufacturing and services sectors are holding onto modest growth, with no sharp deterioration in conditions compared with the previous month. The data for May 2026 will likely be watched closely by investors and policymakers for signs of whether the fragile expansion can be sustained in the coming months.
