MILAN, 03 MAR – The Chinese Caixin service sector purchasing managers’ index rose to 55 points in February against 52.9 in January and an estimate of 54.7. The increase follows the positive signal generated during the week by manufacturing activity, suggesting a robust recovery of the economy. As for the services sub-indexes, those on new business and new export orders rose, respectively, at the largest pace since April 2021 and almost in the last 4 years. Russia’s SP Global Services PMI also increased, rising to 53.1 in February against the previous 48.7. The general price index in Tokyo fell to 3.3% in February, respecting forecasts but with a sharp decline compared to January, when inflation in the Japanese capital was 4.3%. The unemployment rate in Japan is good, at 2.4% against 2.5% of estimates. (HANDLE).
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