FINWIRES · TerminalLIVE
FINWIRES

Italian Private Sector Expansion Continues in August

By

Italy's private sector expansion picked up in August, as the new business growth rate hit an almost two-and-a-half-year high amid an upward trend for the service sector.

The S&P Global Italy Composite PMI Output Index stood at 53.6 in August, up from 52.5 in July, S&P Global said Thursday. The latest figure was the second-highest reading in more than three years.

On the services side, the PMI was at a nearly three-and-a-half-year high of 55.2, compared with the previous 52.5 and the expected 53.6.

Related Articles

International

Australia Trade Balance Falls in July

Australia's goods balance recorded a seasonally adjusted surplus of AU$1.92 billion in July, up from AU$2.34 billion in June, according to data published by the Australian Bureau of Statistics on Thursday.Goods exports fell 3.3%, or AU$1.58 billion, to AU$46.26 billion, driven by a decrease in non-monetary gold.Goods imports fell 2.5%, or AU$1.16 billion, to AU$44.34 billion, driven by lower fuel and lubricants.

ASX 200
International

RatingDog China Services PMI Quickens in August

Business activity across China's private service sector expanded in August, with the headline RatingDog China General Services Business Activity Index, compiled by S&P Global, coming in at 51.4, according to data released on Thursday.The latest reading beat the consensus forecast of 50.6 tracked by Investing.com and compared with the 50.4 recorded in the previous month.The monthly momentum was primarily driven by new business, greater market demand, financial improvements, client recruitment, and innovation.

Shanghai Composite^SZSE
International

RatingDog China Composite PMI Quickens in August

Business activity across China's private sector expanded in August, with the headline RatingDog China Composite Output Index, compiled by S&P Global, coming in at 52.1, according to data released on Thursday.The latest print, which aggregates combined performance figures across both the manufacturing and service sectors, compared with 50.8 in the previous month. A reading above 50 indicates an overall expansion in private sector activity, while a figure below signals a contraction.The reading was in contrast with the official government composite PMI, which stood at 49.5.The monthly momentum reflected a faster pace of growth in output and new businesses in both manufacturing and services sectors in August, with the RatingDog China General Manufacturing PMI at 51.5 and the RatingDog China General Services Business Activity Index at 51.4.

Shanghai Composite^SZSE