JPMorgan Global PMI: Global Report on Services - March 5, 2014
Growth of Global Service Sector Slows
The rate of expansion in global services business activity lost momentum in February, as the US registered a marked growth slowdown and Japan slipped back into contraction territory.
At 52.5 in February, the J.P.Morgan Global Services Business Activity Index — a composite index produced by J.P.Morgan and Markit in association with ISM and IFPSM — signaled expansion for the seventeenth successive month. The rate of increase in incoming new business accelerated slightly from January's three-month low.