Market Updates: Italian Service Sector Activity Picks Up in November

Italy’s service sector returned to slight growth during November, as greater customer numbers fed through to higher new orders.


As per recent reports, the business activity in Italy’s service sector returned to slight growth during November, as greater customer numbers fed through to higher new orders.

However, the rate of new business growth was the slowest in 45 months and business confidence dipped. Overall, the figure jumped to 50.3 vs. 49.2 which is bringing bulls to the EUR/USD.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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