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ECONOMICS COMMENTARY Nov 12, 2013

Global Consumer Services PMI: Fastest rise in new business since April 2012

Markit Global Consumer Services PMI data indicated a further solid rise in output in October, albeit at a slower pace than those registered from June through to August. New business growth accelerated for the fifth consecutive month to the fastest since April 2012, suggesting that the loss of activity momentum will prove to be short-lived.

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