S&P Global Italy services PMI rose to 50.2 in June from 49.4 in May, breaching the 50 expansion threshold for the first time since late-February’s US-Israel strike on Iran and signaling a slight rebound after three months of contraction. Middle East tensions showed signs of easing and the input-cost inflation gauge fell to 62.1 from 66.7 in May — still elevated but the first decline since January — while the prices-charged index eased to 52.8 from 54.1. S&P Global economist Eleanor Dennison said

S&P Global Italy services PMI rose to 50.2 in June from 49.4 in May, breaching the 50 expansion threshold for the first time since late-February’s US-Israel strike on Iran and signaling a slight rebound after three months of contraction. Middle East tensions showed signs of easing and the input-cost inflation gauge fell to 62.1 from 66.7 in May — still elevated but the first decline since January — while the prices-charged index eased to 52.8 from 54.1. S&P Global economist Eleanor Dennison said signs of cooling inflation should give service providers and consumers some breathing room.