Eurozone PMIs confirm strong services growth

Euro-zone services data confirmed the strong readings from the flash estimates released last week, with Germany in line, France revised down and Italy upwards.

The Composite purchasing managers index from Markit reached 56.0 and services 55.5, down marginally from the flash estimate of 55.6.

Both were much higher prints than the January releases, with services standing at a 69-month high for the euro area.