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Markit Flash U.S. Services PMI
The headline seasonally adjusted Markit Flash U.S. Services PMI™ Business Activity Index a registered 52.7 in February, down from a four-month high of 56.7 in January. The latest ‘flash’ PMI reading, which is based on approximately 85% of usual monthly replies, was the lowest since last October. That said, the average index reading for 2014 to date (54.7) is broadly in line with that recorded for 2013 as a whole (54.8). PMI readings above 50.0 signal an increase or improvement on the prior month, while readings below 50.0 indicate a decrease. Although the latest data pointed to a slowdown in service sector ... (full story)
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