US Markit services PMI report
- Exceeded the highest estimate
- Prior was 53.2
- Manufacturing 53.3 vs 53.5 expected
- Prior manufacturing 53.2
- Composite 55.5 vs 54.3 prior
- Full report
Services details:
- Employment 53.1 vs 55.1 (lowest since July)
- Expectations highest since April 2018
There are some small red flags on the manufacturing side with new export orders falling notably. Overall though, there is a lot to like here.
