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Euro zone services pick up

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Euro zone services pick up

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A key index of activity in the services sector in the euro zone has shown its biggest one-month rise since December 2001.

The survey of 2,000 companies also found that firms are more optimistic about the future than they have been since last June. The sector covering everything from financial services to restaurants and airlines. Analysts said the figures suggest the worst phase of the recession has probably passed.