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[Zephyr]

PMI Services Index
Released On 3/5/2014 8:58:00 AM For Feb, 2014
Prior Actual
Level 56.7 53.3
Highlights
Markit's services PMI slowed sharply during the heavy weather of February, to 53.3 from January's 56.7. The latest reading signals the slowest pace of monthly growth for services activity since the government shutdown of October. Employment growth slowed sharply, to 51.9 from 54.1 while price pressures eased with both input prices and prices charged moving about 2 points lower, to 54.7 and 52.9 respectively which are soft rates of growth. New business, however, remains solid, at 56.0 vs 56.4 to signal a snap-back for spring. The ISM non-manufacturing report, to be posted later this morning on the Econoday calendar at 10:00 a.m. ET, is also expected to slow