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Japan factory output slides, outlook clouded by sales tax hike

By Tetsushi Kajimoto and Stanley White TOKYO (Reuters) - Japan's factory output unexpectedly fell in February at the fastest pace in eight months in a possible sign that the benefits from last-minute demand before an impending sales tax hike may have run their course. The data adds to growing concerns of a stumble in the economy, and comes on the heels of a separate survey showing manufacturing activity expanded at a slower pace in March.

Japan March manufacturing PMI slows for second month, snowstorms blamed

TOKYO (Reuters) - Japanese manufacturing activity expanded at a slower pace in March, a survey showed on Monday, pulling back further from an eight-year high set in January as heavy snow in some areas curbed production. The Markit/JMMA Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 53.9 in March from 55.5 in February. The index remained above the 50 threshold that separates expansion from contraction for a 13th consecutive month but showed that growth slowed for a second straight month.

Mining stocks lead TSX lower amid disappointing Chinese, US manufacturing data

TORONTO - Falling mining issues helped push the Toronto stock lower Monday as base metal stocks declined amid data showing continued contraction of China's manufacturing sector and slowing expansion in the United States. The S The Canadian dollar was up 0.12 of a cent to 89.33 cents US. U.S. indexes were also lacklustre as the initial or "flash" Markit purchasing managers index for the United States fell to 55.5 in March from 57.1 in February, but still showed improving conditions for manufacturers. Readings over 50 in the purchasing managers index indicate growth.

U.S. March factory activity growth slows slightly - Markit

NEW YORK (Reuters) - U.S. manufacturing activity slowed in March after nearing a four-year high last month, but the rate of growth and the pace of hiring remained strong, an industry report showed on Monday. Financial data firm Markit said its "flash" or preliminary U.S. Manufacturing Purchasing Managers Index slipped to 55.5 from 57.1 in February. Readings above 50 indicate expansion.

Service sectors strengthen globally, but slow in U.S

By Ryan Vlastelica NEW YORK (Reuters) - Service sectors around the globe mostly strengthened last month with Germany leading the way, although harsh winter weather put a damper on the massive U.S. non-manufacturing sector. The news of global services expansion came in contrast to recent reads on manufacturing growth, which indicated a rebound in the U.S. while Europe and Asia eased.

US manufacturing activity picks up in February

US manufacturing activity picked up in February after slowing in January amid severe winter weather, the Institute for Supply Management said Monday. The ISM's purchasing managers index rose to 53.2 February, rebounding from a sharp fall in January to 51.3, a level not far above the 50 reading between expansion and contraction. The gain was stronger than analysts' consensus estimate of a 51.6 reading.

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.

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.

China manufacturing growth slows to 8-month low

China's manufacturing growth fell to an eight-month low in February, government figures showed on Saturday, reflecting further weakening in the world's second-largest economy but also the effect of a major holiday. The purchasing managers' index (PMI) tumbled to 50.2, the National Bureau of Statistics reported on its website, in the third straight drop from 50.5 in January, 51.0 in December and 51.4 in November. A figure over 50 indicates expansion while one below shows contraction.

China manufacturing growth slows to 8-month low

China's manufacturing growth fell to an eight-month low in February, official figures showed on Saturday, in a further sign of the flagging strength of the world's second-biggest economy. The purchasing managers' index (PMI) tumbled to 50.2, the National Bureau of Statistics reported on its website, in the third straight drop from 50.5 in January, 51.0 in December and 51.4 in November. A figure over 50 indicates expansion while one below shows contraction.
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