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- U.S. services sector activity improves more than initially estimated - IHS Markit
U.S. services sector activity improves more than initially estimated - IHS Markit
The latest
report by IHS Markit revealed on Wednesday the seasonally adjusted final IHS
Markit U.S. Services Business Activity Index (PMI) stood at 56.9 in October, up
from 54.6 in September and
higher than the earlier released “flash” estimate of 56.0. The latest reading pointed
to the sharpest expansion in the services sector since April 2015.
According to
the report, the quicker rate of growth was largely linked to more robust demand
conditions, despite a slower upturn in new export business.
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