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Services PMI shows decent demand but continued cost pressures

  • Italy services PMI also points to decent demand, but "costs pressures intensified amid widespread reports of surging energy costs, as well as greater wage bills and price hikes at suppliers. Notably, the rate of cost inflation hit a survey high, with average charges levied by firms increasing at the fastest pace for three months as a result."
  • Again, note that this data is all collected pre-Ukrainian invasion.

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