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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.

China manufacturing indicator hits 7-month low

Beijing, Feb 20 (EFE).- A key indicator of Chinese manufacturing activity fell to a seven-month low in February, HSBC bank said Thursday. The preliminary HSBC China Manufacturing Purchasing Managers' Index slipped to 48.3, down from 49.5 in January, according to the Hong Kong-based institution. A reading of below 50 indicates monthly contraction in that sector. HSBC compiles the Manufacturing PMI based on surveys of purchasing managers in the manufacturing sector and reports the reading just days before equivalent official Chinese data is released.

Eurozone business activity robust, slips off highs

Business activity in the 18-nation eurozone stayed robust in February but slipped off its highs, a reminder that the economic recovery remains fragile, a key survey showed on Thursday. Markit Economics' said its Eurozone Composite Purchasing Managers Index (PMI) for February fell to 52.7 points in February from 52.9 in January. Analysts polled by Dow Jones Newswires had expected this leading indicator to give a reading of 53 points. Despite the fall, the reading remained above the 50-points growth-downturn line for an eighth month running, Market said.
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