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Services sector growth accelerates in March: Markit

NEW YORK (Reuters) - Growth in the U.S. services sector accelerated in March, an industry report showed on Thursday, though the pace of employment slackened for a third straight month to its slowest in a year. Financial data firm Markit said its final service sector purchasing managers' index rose to 55.3 in March from 53.3 in February, though the figure was slightly below the preliminary read of 55.5 released last week.

U.S. services, private sector growth accelerate in March: Markit

NEW YORK (Reuters) - U.S. private sector economic activity growth accelerated in March at a faster clip than in February as the services sector picked up, even as business creation showed warning signs, an industry report showed on Wednesday. Financial data firm Markit said its "flash" composite Purchasing Managers Index (PMI), a weighted average of its manufacturing and services indexes, hit 55.8 in March, up from 54.1 in February.

Canadian dollar rises after sharp loss amid disappointing Chinese, U.S. data

TORONTO - The Canadian dollar closed higher amid soft readings on the Chinese and U.S. manufacturing sectors. The loonie was up 0.12 of a cent to 89.33 cents US. HSBC's purchasing managers' index for China dropped to 48.1 in March from February’s 48.5. It was the lowest reading since July 2013 and was below consensus expectations of a modest rise. The worse than expected Chinese data suggested that the slowdown in the world’s second-biggest economy is deepening.

UK permanent jobs rise at fastest pace in nearly four years: survey

LONDON (Reuters) - Permanent job placements in Britain rose at the fastest pace in almost four years last month and salaries are picking up too, a survey showed on Friday, in the latest sign of recovery in the labor market. A monthly index measuring permanent job placements from consultancy KPMG and the Recruitment and Employment Confederation rose to 65.2 in February, its highest level since March 2010, compared with 62.1 in January. Readings above 50 signify growth in the number of placements.

U.S. services growth dips in Feb: Market

By David Gaffen (Reuters) - Growth and the pace of hiring in the U.S. services sector slowed in February, an industry report showed on Wednesday, though industry executives said unusually bad weather was in part to blame for disruptions in economic activity. Financial data firm Markit said its final service sector purchasing managers' index dipped to 53.3 in February from 56.7 in January. A reading above 50 signals economic expansion, and the result was better than Markit's preliminary "flash" reading of 52.7 released last week.

Manufacturing growth speeds up in U.S., slows globally

By Jonathan Cable, Adam Rose and Ryan Vlastelica LONDON/BEIJING/NEW YORK (Reuters) - Manufacturing growth in Europe and Asia eased last month, pressured by falling demand from abroad, while the United States bucked the trend with growth jumping to its highest in more than three years.

U.S. factory activity growth hits highest since May 2010 - Markit

NEW YORK (Reuters) - U.S. manufacturing activity accelerated in February, rising more than expected to its highest since May 2010, an industry report showed on Monday. Financial data firm Markit said the final read of its U.S. Manufacturing Purchasing Managers Index rose to 57.1 in February, above both the preliminary read of 56.7 and expectations for a read of 56.6. The report was much stronger than January's 53.7 reading, which was a three-month low, hurt by bad weather. Readings above 50 indicate expansion.

China's services, manufacturing sectors diverge in February

By Adam Rose BEIJING (Reuters) - China's services sector regained some momentum in February but its manufacturing sector struggled, separate surveys showed on Monday, with the divergence adding to the difficulty in assessing the strength of the economy at the start of 2014. Data for the world's second-largest economy has been mixed, and the Lunar New Year holidays have made it harder to assess momentum. Weak investment and declining manufacturing PMI readings have been countered by surprisingly buoyant exports and bank lending.

Services growth slows in February: Markit

NEW YORK (Reuters) - Growth in the services sector as well as the pace of hiring slowed in February, an industry report showed on Monday, the latest data to suggest an unusually cold winter is dragging on economic activity. Financial data firm Markit said its "flash" or preliminary services sector purchasing managers index slipped to 52.7 in February from 56.7 in January. A reading above 50 signals expansion in economic activity.

Most Asian stocks higher as report finds strongest US manufacturing in 4 years

HONG KONG - Most Asian stock markets rose Friday after a strong expansion in U.S. manufacturing offset pessimism from a downbeat China factory report. The private survey by Markit found U.S. factory activity this month grew at the fastest pace in nearly four years. The report helped investors shrug off earlier concerns about China after a separate report found manufacturing in the world's second-biggest economy contracted for a second straight month in February.
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