Italy service sector shrinks at steepest rate on record in March - PMI
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ROME (Reuters) - Italy's service sector shrank at the fastest rate in more than 22 years in March, a survey showed on Friday, as a lockdown imposed to try to contain the coronavirus pandemic shuttered most businesses.The IHS Markit Business Activity Index for services dived to 17.4 from 52.1 in February, way below the 50-mark that separates growth from contraction and the lowest reading since the survey began in January 1998.The index level was also below the median forecast of 22.0 in a Reuters..