World Economy

Italy Returns to Growth

Italy Returns to GrowthItaly Returns to Growth

Italy’s service sector returned to growth in January but new business and employment dropped, suggesting companies are still struggling as the economy goes through its third recession in six years, NewsNow reported. The Markit/ADACI Business Activity Index for services companies, released on Wednesday, rebounded to 51.2 in January from 49.4 in December, back above the 50 mark denoting growth after a month of contraction.