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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.

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.

US services sector slowed by weather in February

The US services sector expanded at its slowest pace in three years in February, with harsh winter storms blamed in part, the Institute for Supply Management said Wednesday. The ISM purchasing managers index for the services industry fell to 51.6 from 54.0 in January, putting it only narrowly above the 50.0 threshold between expansion and contraction. It was the lowest level for the index since February 2010, and well below the 54.3 average for the past 12 months.

Indian services activity slump moderates in Feb; orders fall

Bangalore (Reuters) - The contraction in India's services sector moderated last month but new business declined and input prices rose, a business survey showed on Wednesday. The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, rose to 48.8 in February from 48.3, but remained stuck below the 50 mark that separates growth from contraction for the eighth month.

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.

Global factory growth rate at near three-year high in Feb - PMIs

LONDON (Reuters) - Global manufacturing growth accelerated at the fastest pace in nearly three years last month as the developed world outshone emerging markets, a business survey showed on Monday. JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI) rose to 53.3 in February from 53.0, above the 50 mark that indicates growth for the 15th month. The U.S. PMI shot up, the euro zone's remained strong, and upturns in Japan and Britain remained robust.

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.

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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