Economics
Italy’s Economy Suffering Record Blow Amid Mass Shutdown
This article is for subscribers only.
Hotels, restaurants and other services companies in Italy saw activity shrink at a record pace in March as the shutdown of the country took its toll.
IHS Markit said its monthly services index plunged 35 points to just 17.4, taking it far below the 50 level that divides expansion from contraction. New business and employment also fell the most since the series began more than 22 years ago.