USA Markit Services PMI »

  • H.S. Borji

    The US service economy expanded at the slowest rate in six months in December, as weaker new orders and business activity raised concerns about the economic outlook heading into the new-year. The Institute for Supply Management’s gauge of national service activity declined 3.1 percentage points to 56.2 in December, well below the consensus estimate of

  • H.S. Borji

    The US service economy maintained its strong growth pace in October, but eased to a six-month low amid weaker new business growth and slower rise in service activity. Markit Group’s gauge of US service activity eased in October to 57.3 from 58.9. A median estimate of economists called for a decline to 58.0. A reading

  • H.S. Borji

    The US service economy accelerated at a faster pace in August, as the national services activity gauge rose to its highest level on record. The Institute for Supply Management’s gauge of national service activity rose to 59.6 from 58.7, the highest level since the survey’s inception in January 2008. A median estimate of market analysts