US service economy »

  • H.S. Borji

    The US service economy in July remained close to its pre-recession high, although the pace of new business growth eased to a three-month low and employment growth moderated from June’s four-and-a-half year high. Markit Group’s flash estimate of US service activity eased slightly from 61 to 60.9. Economists forecast a sharper decline to 59.8. A

  • H.S. Borji

    The US service economy eased slightly in June, but remained elevated as new orders supported another strong month of job creation. The Institute for Supply Management’s gauge of national service activity eased from 56.3 to 56. A median estimate of market analysts called for no change to the headline PMI. The US service economy has

  • H.S. Borji
    Forex » US Dollar Index Approaches 80.00
    H.S. Borji - July 2, 2014, 19:41 GMT

    The US dollar rebounded from support Wednesday after the ADP Institute said US employment growth surged in June, prompting some analysts to revise their estimate for nonfarm payrolls. The US dollar index – a gauge of the greenback’s performance versus six commonly traded peers – advanced 0.2 percent to 79.97. US employers added 281,000 private

  • H.S. Borji

    The US service economy in June accelerated at the sharpest pace since October 2009, as output and new business levels supported the fastest pace of job creation in nine months. Markit Group’s gauge of US service activity surged from 58.1 to 61.2. Economists called for a reading of 58.0. A reading above 50 signifies expansion

  • H.S. Borji

    The US service economy expanded sharply in May, as output growth reached a 26-month high and job creation rebounding from a 13-month low. Markit Group’s gauge of US service activity increased sharply from 55.0 to 58.4. The flash estimate was 58.6. Economists forecast no change to the May reading. The composite PMI index, which covers

  • H.S. Borji

    The US service economy accelerated further in May, as output growth reached a 26-month high and job creation hit a four-month high. Markit Group’s gauge of US services surged from 55 to 58.4. Economists called for a smaller increase to 55.4 after the April reading was revised upward from the flash estimate of 54.2. A

  • Business » US Services PMI on Deck
    May 26, 2014, 19:28 GMT

    Markit Group will release its monthly gauge of US service activity Tuesday, giving investors a closer look at the pace of business recovery in the second quarter. The April reading fell out of favour with investors after its key findings contradicted the Labor Department’s official nonfarm payrolls report and the Institute for Supply Management’s non-manufacturing

  • H.S. Borji

    The US service economy accelerated at a faster rate in April, with overall activity rising at the fastest rate since early 2008. The Institute for Supply Management’s gauge of national service activity rose from 53.1 to 55.2. A median estimate of market analysts called for a gain of 1 percentage point. The US service economy

  • The US service economy accelerated further in April, although the pace of business expansion and employment growth eased considerably. Markit Group’s gauge of US services fell from 55.3 to 54.2 in April. A broad consensus of market analysts called for 56. A reading above 50 signifies expansion in service activity, whereas a reading below that

  • The US service economy accelerated in March, as an uptick in new orders led to a sharp rebound in hiring. The Institute for Supply Management’s gauge of national service activity rose from 51.6 to 53.1, narrowly missing estimates calling for 53.5. The US service economy has been above the 50 mark that separates expansion from

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