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03.03.2016 15:53 Italy’s services PMI increases to 53.8 in February

Markit/ADACI's services purchasing managers' index (PMI) for Italy increased to 53.8 in February from 53.6 in January.

A reading above 50 indicates expansion in the sector.

The index was driven by a faster growth in new business.

"The service sector maintained growth momentum into February, with businesses recording higher levels of activity as well as a faster rise in incoming new work," an economist at Markit Phil Smith said.

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