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Improvement in Italian service sector performance gains momentum
February survey data saw the Italian service sector economy growth trend sustained, supported by a further rise in the level of new business. With companies securing an increase in new work, activity rose at the joint-fastest rate for nine months (equal with last June). The improvement in demand conditions fuelled job creation, which in turn provided firms with additional capacity to work through outstanding business. Meanwhile, price pressures faced by service providers were persistent and sharp, resulting in a solid increase in selling charges. The headline index from the report, the HCOB Italy Services PMI® ... (full story)