World economic growth slows sharply in March-PMI

 LONDON, April 5 (Reuters) - Global economic growth slowed
sharply in March, dragged down by weaker growth in the United
States and a marked contraction in Japan following the
earthquake, a survey showed on Tuesday.
 The JPMorgan Global All-Industry Output Index fell to a
six-month low of 54.7, down from 59.2 in February but still
above the 50 mark that divides growth from contraction.
 "Although the global PMI survey fell sharply in March, the
results were substantially influenced by Japan, where the natural
disasters slammed activity," said David Hensley at survey
compiler JPMorgan.
 The survey's jobs index fell in March to 52.7 from 53.5,
with manufacturing showing the stronger growth.
 The global services PMI also slipped sharply, down to 54.0
in March from February's near five-year high of 59.2. March
marked the lowest reading for six months. 
 "However, with the trend in the PMI new business index
holding up comparatively well, it is hoped that this will prove
to be a short-term pause as opposed to a firm downshift in the
sector's recovery," said Hensley.
 The indicators, produced by JP Morgan with research and
supply management organisations, combine survey data from
countries including the United States, Germany, France, Britain,
Italy, Japan and China.
 
 See [ID:nWLA7346] for a table.
 (Reporting by Andy Bruce; Editing by Ruth Pitchford)

World economic growth slows sharply in March-PMI