PMI: Italian Private Sector Growth Hits Strongest Since April 2023

03:55 AM EST, 12/03/2025 (MT Newswires) -- Italy's private sector economy reached its fastest growth rate since April 2023, mainly driven by the sharp increase in service activity amid a softer rise in manufacturing output, Hamburg Commercial Bank and S&P Global said Wednesday. The HCOB Italy Composite PMI Output Index came in at 53.8 in November, compared with 53.1 in October and the consensus estimate of 53.2. On the services side, the PMI rose to 55 from the prior and expected 54.