Investing.com -- The services sector in Italy has shown growth for the fifth month in a row in April, expanding at a quicker rate than in March, according to a survey released on Tuesday.

The driving factor behind this growth has been an increase in new business.

The HCOB Purchasing Managers’ Index (PMI) for services, which measures the economic health of the services sector, has risen to 52.9 in April from 52.0 in March.

This increase puts the index further above the 50.0 threshold, which is the point that separates growth from contraction in the sector.

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