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. The preliminary reading on the services sector rose to 55.5 this month from February's 53.3, more than offsetting a decline in the growth rate in the manufacturing sector reported on Monday. In the services sector, new business hit its lowest since November 2012 at 53.9, from 56.0 in February.
via Business News - Yahoo Finance http://ift.tt/1gBPB8i
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