US Markit services PMI for November (F) 51.6 versus 51.6 estimate
US Markit services PMI for November 2019
- 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%.