Mumbai, March 4 -- Germany's service sector gathered fresh momentum in February, with business activity expanding at the fastest pace in four months, according to the latest HCOB PMI survey. Stronger demand helped lift overall performance, as companies reported winning new clients and securing large contracts.
The HCOB Germany Services PMI Business Activity Index rose to 53.5 in February, up from 52.4 in January. Any reading above 50 indicates growth. February's figure not only signaled continued expansion but also marked the strongest improvement since October, with growth running above the long-term average.
Demand conditions improved notably. New business increased for the fifth consecutive month, with growth reaching a three-month hig...