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US service sector flash PMI rebounds in Sept: Markit

by ChemOrbis Editorial Team -
  • 28/09/2016 (13:46)
According to a flash purchasing managers’ index (PMI) for the US released by Markit Economics, business activity recorded the largest monthly rise since April.

The September flash PMI is 51.9 in September, beating analysts’ estimates calling for a reading of 51.2. Any reading above 50 indicates an expansion while any figure below 50 represents a contraction.

Markit noted that the September data gave mixed signals about the US economy because while the services sector recorded a jump, new orders slowed to a four month low and hiring slowed accordingly.
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