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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI surprisingly advanced in February
The services PMI in the UK recorded an unexpected rise to a level of 51.30 in February, compared to market expectations of a fall to a reading of 49.90. In the previous month, the index had recorded a reading of 50.10.
Euro-zone services PMI advanced in February
The final services PMI in the Euro-zone registered a rise to a level of 52.80 in February, compared to a reading of 51.20 in the prior month. Market anticipation was for the index to advance to a level of 52.30.
Euro-zone retail sales rose as expected in January
On a monthly basis, the seasonally adjusted retail sales in the Euro-zone advanced 1.30% in January, in line with market expectations. Retail sales had recorded a revised drop of 1.40% in the prior month.
German services PMI climbed in February
The final services PMI in Germany climbed to a level of 55.30 in February, compared to a reading of 53.00 in the previous month. Market anticipation was for the index to climb to a level of 55.10.
US Markit services PMI rose in February
The final Markit services PMI in the US registered a rise to a level of 56.00 in February, compared to a revised reading of 54.20 in the previous month. Market anticipation was for the index to climb to a level of 56.20.
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