Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly S&P Global Services PMI fell to 51.7 Points in September 2026
FMPMonthlyReleased October 2026
Italy S&P Global Services PMI fell to 51.7 Points in September 2026, released October 2026, down 3.5 Points from August's 55.2 Points reading. The reading missed the 54.6 Points consensus by 2.9 Points.
Latest Release
51.700000
Actual
54.600000
Consensus
55.200000
Previous
Median Absolute Error
±1.03
across last 12 releases
Last Call
Oct 2026
Predicted: 55.3
Actual: 51.7
Error: +3.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/GBP | ▲ Direct | +0.82 | FOREX | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.52 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.49 | COMMODITIES | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.38 | INDEX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.34 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (Italy) was reported at 51.70 Points in September 2026. This missed the market consensus of 54.60 Points by 2.90 Points. The reading fell from the previous value of 55.20 Points. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 53.13 Points, up from the prior three at 51.63 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/GBP (Bullish EUR). A secondary relationship exists with EUR/JPY, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.03 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Nov 2) and Retail Sales YoY (Nov 5).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
S&P Global Services PMI - IT
Loading chart data...
About S&P Global Services PMI — Italy
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 51.7 Points, consensus 54.6 Points. Prior reading (Aug 2026): 55.2 Points. Before that (Jul 2026): 52.5 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bullish EUR, r=0.82) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - IT Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:00 | IT | Unemployment Rate | 6.3 | 6.2 | 6.2 | 6.25 | High |
| 11:00 | IT | Consumer Confidence | 90.3 | 91.2 | 90.9 | 91.18 | Medium |
| 11:00 | IT | Business Confidence | 91.9 | 91.9 | 92 | 92.15 | Medium |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 09:00 | IT | GDP Growth Rate YoY | 0.8 | 1 | 0.9 | 0.85 | High |
| 09:00 | IT | GDP Growth Rate QoQ | 0 | 0.2 | 0.1 | 0.05 | High |
| 10:00 | IT | Inflation Rate YoY | 5.4 | 4.2 | 4.6 | 4.80 | High |
| 10:00 | IT | Inflation Rate MoM | 0.9 | 0.7 | 0.3 | 0.43 | Medium |
| 10:00 | IT | Harmonised Inflation Rate MoM | 1.2 | 2.1 | 0.5 | 0.68 | Low |
| 10:00 | IT | Harmonised Inflation Rate YoY | 5.6 | 4.2 | 4.6 | 4.88 | Low |