Italian Private Sector Expansion Slows to 11-Month Low in December 2025

03:57 AM EST, 01/06/2026 (MT Newswires) -- Italy's private sector expansion softened to near stabilization in December 2025, as growth in services output eased while manufacturing slipped back into contraction. The HCOB Italy Composite PMI Output Index stood at an 11-month low of 50.3, down from the 2.5-year high of 53.8 in the previous month, Hamburg Commercial Bank and S&P Global said Tuesday. On the services side, the PMI was 51.5, compared with the previous 55 and expected 54.