US Markit services PMI for November (F) 51.6 versus 51.6 estimate

Technical Analysis

Author: Greg Michalowski | us-markit-services-pmi

US Markit services PMI for November 2019

Services PMI index
  • Markit services PMI 51.6 versus 51.6 estimate. Highest reading since July 2019 
  • Preliminary came in at 51.6
  • Composite PMI 52.0 versus 51.9 last
  • employment rises to 50.5 versus 47.5 in October. Highest reading since July.
  • New business rises to the highest level since August 2019
The PMI data comes in near expectations.  
According to Markit, the PMI data implies a annualized GDP growth of 1.5%.

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