Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Italy’s service sector has marked its sixth consecutive month of expansion in May, growing at the fastest rate in nearly a year, according to a survey released on Wednesday.
The HCOB Purchasing Managers’ Index (PMI) for services, an indicator of economic health for the manufacturing and service sector, posted a rise to 53.2 in May, up from 52.9 in April.
This increase exceeded expectations and moved further beyond the 50.0 threshold, which distinguishes growth from contraction.
Prior to the release of the results, analysts had anticipated a lower reading of 52.0.
The actual PMI result outperformed their predictions, signaling a stronger growth trajectory for Italy’s service sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.