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China April official services PMI at 54.5 vs 55.6 in March

BEIJING (Reuters) - Expansion in China's services sector slowed in April, an official survey showed on Friday, in line with slower factory activity and reinforcing views that recovery in the world's second-largest economy remains modest and faces risks. China's official purchasing managers' index(PMI) for the non-manufacturing sector fell to 54.5 in April from 55.6 in March, the National Bureau of Statistics(NBS) said on Friday.

Euro zone slump drags on, Chinese growth sags

By Andy Bruce LONDON (Reuters) - Business growth flagged in China, recession dragged on euro zone companies, and even U.S. corporate growth slowed in April, according to surveys that bucked a stronger trend in U.S. jobs data. Monday's European purchasing managers indexes (PMIs) suggested the euro zone is on course for a worse downturn in the current quarter, with Germany now suffering a contraction in business activity that has long dogged France, Italy and Spain.

China reports stronger April trade growth but analysts say export figures distorted

BEIJING, China - China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.7 per cent over a year earlier, up from March's 10 per cent growth, customs data showed Wednesday. Imports gained 16.8 per cent, up from the previous month's 14.1 per cent. That suggested the world's second-largest economy might be improving after an unexpected decline in growth to 7.7 per cent in the first three months of the year from the previous quarter's 7.9 per cent.

China April official services PMI at 54.5 vs 55.6 in March

BEIJING (Reuters) - Expansion in China's services sector slowed in April, an official survey showed on Friday, in line with slower factory activity and reinforcing views that recovery in the world's second-largest economy remains modest and faces risks. China's official purchasing managers' index(PMI) for the non-manufacturing sector fell to 54.5 in April from 55.6 in March, the National Bureau of Statistics(NBS) said on Friday.

Canada posts unexpected March trade surplus

Canada's trade balance turned surprisingly positive in March as a prolonged rise in exports outpaced a spike in imports, a government agency said Thursday. The country's trade balance went from a revised deficit of Can$1.2 billion (US$1.2 billion) in February to a surplus of Can$24 million in March, Statistics Canada said. Analysts had predicted a Can$700 million deficit. Exports, which have been on an upward trend since July 2012, grew to Can$40.5 billion in March.

Loonie flat amid improving trade numbers, European Central Bank rate cut

TORONTO - The Canadian dollar was little changed amid positive trade data and moves to stimulate the European economy. The loonie slipped 0.01 of a cent to 99.19 cents US as Statistics Canada reported that Canada's trade balance went from a deficit of $1.2 billion in February to a surplus of $24 million in March. Economists had widely expected the balance would show a $700- million deficit. Exports grew by 5.1 per cent to $40.5 billion in March, with energy shipments up almost four per cent.

US trade deficit drops to $38.8 billion in March as flow of crude oil falls to 17-year low

WASHINGTON - The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low. The overall trade deficit decreased to $38.8 billion, an 11 per cent drop from February's $43.6 billion, the Commerce Department reported Thursday.

India manufacturing activity at 17-month low

India's manufacturing activity slid in April to its slowest pace of growth for 17 months as a drop in domestic orders and power supply problems affected output, a private business survey showed Thursday. The Purchasing Managers' Index (PMI) from HSBC, which gives a snapshot of manufacturing health from output to jobs, slid to 51.0 in April, down from 52.0 in the previous month. A figure of over 50 indicates growth in the sector while below 50 points shows a contraction.

China's manufacturing growth slows in April as export orders continue to decline

BEIJING, China - An industry group says manufacturing growth in China slipped in April as exports continued to decline, raising questions about the strength of recovery in the world's second-biggest economy. The China Federation of Logistics and Purchasing said Wednesday that its purchasing managers' index for April declined to 50.6 points from 50.9 points in March. Numbers above 50 indicate an expansion, on a 100-point scale. Federation economist Zhang Lijun said export orders, prices and other indicators have been declining steadily.

S.Africa trade deficit narrows

Increased exports and weaker imports narrowed South Africa's trade deficit to 7.8 billion rand ($860 million) in March, down from 9.5 billion the previous month the revenue authority said Tuesday. Exports -- including mineral products and base metals -- increased by 2.9 percent, while imports were down by 0.3 percent. Nedbank analysts described the figures as volatile.
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