Business activity growth softened to a 7-month low in Dec. according to Markit. ISM expansion was less than expected.
The Institute for Supply Management reported the ISM Non-Manufacturing Index at a solid 55.9. Economists, expected a rise of 0.2 percentage points to robust 57.6.?
Markit Services PMI
Unlike the ISM, Markit provides much more commentary on it Services PMI Report.
Key Findings
Service Sector Business Activity
Markit Composite PMI vs. GDP
Markit Chief Economist Chris Williamson Comments
No Comments