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Italy: Strongest expansion in inflows of new business in 20 months in December
Growth of Italian services activity lost momentum at the end of 2025, following a strong upturn in November that was the sharpest in 31 months. The slower expansion in output occurred despite a further marked improvement on the new business front. Up slightly from November, the upturn in inflows of new work was the most pronounced in 20 months. Overall confidence levels retreated and there were some signs of reluctance towards hiring as growth was again only slight, reflecting a balance of capacity and workloads. At the same time, prices data indicated softer increases at the end of the year, with cost pressures ... (full story)
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