FX.co ★ Italy’s Services Sector Accelerates as HCOB PMI Rises to 52.9 in January

Italy’s services sector strengthened at the start of 2026, with the HCOB Italy Services Purchasing Managers’ Index (PMI) rising to 52.9 in January 2026, up from 51.5 in December 2025. The latest reading, updated on 4 February 2026, signals a faster pace of expansion in the services economy.

The move further above the 50-point threshold, which separates growth from contraction, suggests that activity in Italy’s services sector is gaining momentum after a more modest expansion at the end of last year. The improvement between December and January points to a more upbeat operating environment for service providers as 2026 begins.