Financial data firm Markit said its preliminary, or "flash," reading of its Purchasing Managers Index for the service sector rose to 57.0 in February from a final reading of 54.2 in January. Markit's reading of new business at service companies in February surged to 56.7 from 51.7 in January, which was the lowest reading in the history of the Markit services sector series dating to October 2009. “While parts of the East Coast have struggled in the face of adverse weather, other regions basked in unusually warm temperatures, boosting business above seasonal norms," said Chris Williamson, chief economist at Markit in a statement. Markit last week said its flash U.S. Manufacturing Purchasing Managers Index rose to 54.3 in February, up from January's final reading of 53.9.
via Business News http://ift.tt/1D7EpWP
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