Markit August final services PMI
Lowest since April
Prelim reading was 55.2
Prior was 56.0
Composite PMI 54.07 vs 55.0
New orders 55.1 vs 55.7 prior
The ISM non-manufacturing index is due at the top of the hour and this number adds a bit of downside risk.
From Markit: "The survey data so far for Q3 signal annualised GDP growth of just under 3.0%. However, further momentum was lost in August, and the weakest rise in new orders for goods and services for eight months suggests growth could wane further in September"
