By Joshua KirbyGrowth in U.S. business activity slowed a little in February as services lost momentum, though manufacturing picked up pace, a purchasing managers' survey showed Thursday. The S&P Global Flash U.S. Composite PMI--which gauges activity in the manufacturing and services sectors--slipped to 51.4 from 52.0 in January. Manufacturing reached its highest level in 17 months, hitting 51.5 and exceeding economists' expectations as set out in a Wall Street Journal poll. The industry was buoyed by rising production and easing supply after bad weather a month earlier, S&P Global said. Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby(END) Dow Jones NewswiresFebruary 22, 2024 10:20 ET (15:20 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal February 22, 2024 17:15 UTC