FLASH: PMI recovers as growth steady into 2018
-Â The services PMI increased by 1.5-points to 54.5 in February, which is in line with its Q4 average and consistent with the comparable sectors growing by 0.6% q-o-q.- Manufacturing and construction surveys are below their average of the past year, but the extraction industries support industry in Q1. GDP growth has been steady at 0.15% m-o-m, and the risk to my 0.4% q-o-q Q1 forecast is skewed higher.
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