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Financial firm Markit said its final reading of
its Purchasing Managers Index for the services sector rose to
59.2 in March from 57.1 in February. The March reading was the
highest level since August and was above the preliminary, or
"flash," reading of 58.6.
A reading over 50 signals expansion in economic activity.
Markit's March reading of employment at service companies rose
to 54.0, up from 52.7 in February and its highest reading since
June. The March number was the same as the preliminary reading.
The services index's new business component also rose in March
to its highest since September.
Markit's composite PMI, a weighted average of its manufacturing
and services indexes, rose to 59.2 in March, its best reading
since August, from 57.2 in February. The preliminary March
reading was 58.5.
(Reporting by Caroline Valetkevitch; Editing by Chizu Nomiyama)
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