The Markit’s services PMI has risen one and a half points in February, rising to 59.8 from 58.3 in January, improving the 58.9 expected by the market. The February result is the best on record since July 2014.
According to the IHS Markit report, spikes in production and new business accelerated in February, while job growth moderated. The cost burden increased at the most pronounced rate since the survey began in 2009
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