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Service Sectors Struggle: Italy Grows, France Sees Job Losses

1/6/2025

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Summary

Story summary

Italy's service sector expanded in December, achieving a PMI of 50.7, an increase from November's 49.2.
New business in Italy fell for the second consecutive month, suggesting ongoing contraction.
France's service sector experienced its first employment drop in four years, with a PMI of 49.3.
Both countries face challenges from political uncertainty and weak demand impacting service sectors.

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Story summary

Italy's service sector expanded in December, achieving a PMI of 50.7, an increase from November's 49.2.
New business in Italy fell for the second consecutive month, suggesting ongoing contraction.
France's service sector experienced its first employment drop in four years, with a PMI of 49.3.
Both countries face challenges from political uncertainty and weak demand impacting service sectors.