Italy’s services sector returned to marginal growth in June, as the HCOB Italy Services Purchasing Managers’ Index (PMI) inched back above the key 50-point threshold. The index rose to 50.2 in June 2026, up from 49.4 in May 2026, according to data updated on 3 July 2026.
The move from 49.4 to 50.2 signals a shift from slight contraction to a narrowly expanding services economy, suggesting that conditions have stabilized after a weaker May reading. While the improvement is modest, it indicates that activity in Italy’s key services industries is no longer shrinking and may be starting to regain momentum.
Investors and policymakers will be watching upcoming releases to assess whether June’s uptick marks the start of a more durable recovery in Italy’s services sector or merely a brief pause in a softer trend. The latest data point, however, provides a cautiously positive signal for the outlook heading into the second half of 2026.
