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Euro area services expand 50.4 in January



03 February 2012 @ 04:34 am EDT

Euro area PMI servicesshowed an expansion of50.4 in January, compared with the contraction of 48.8 in December, below both estimates and the advanced reading of 50.5. PMI composite matched both forecasts and the advanced reading of 50.5, compared with December's contraction of 48.3.

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