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Italian service sector sees renewed output expansion in January
January's PMI® results showed tentative signs of recovery across the Italian service sector economy. A renewed rise in overall demand was coupled with that of production, as both series recorded above the neutral 50.0 mark for the first time in six months. That said, amid ongoing geopolitical tension and economy uncertainty, demand for Italian services from abroad fell again. Improved overall demand conditions supported another rise in workforce numbers in January, the third increase in successive months. With that, firms were able to reduce the number of orders pending completion. Cost pressures continued to burden ... (full story)