According to CoinMeta, Italy's service sector PMI in July was 52.5, exceeding the market expectation of 51.3, indicating strong performance of the Italian service sector in terms of new business growth. This data shows that activity and new business growth in the Italian service sector have accelerated, with the creation of new jobs increasing at the fastest rate in over a year. Although cost pressures have eased to some extent, inflation is still on the rise.