FX.co ★ Italy Private Sector Hits 3-Month Low

The S&P Global Italy Composite PMI eased to 51.0 in September 2026 from 53.6 in August, its lowest reading since June, indicating only modest growth in overall activity and the weakest expansion of the third quarter. Business activity and new orders continued to be driven mainly by the services sector, while manufacturing remained in contraction, though the downturn softened. Employment growth across the private sector slowed to almost zero, and backlogs of work fell only slightly. At the same time, inflationary pressures intensified, with both input costs and output prices rising at their fastest rate in four months.