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Markit Flash U.S. Services PMI™

Zone(s): USA ¦ Sector(s): Economy (Services)

[25 June 2014, Markit Economics] On 25 June, Markit Economics published the latest Markit Flash U.S. Services PMI™. It shows the sharpest rise in U.S. service sector business activity since the survey began in October 2009

Key points:

  • Survey-record increases in services output and new business levels
  • Service sector job creation hits nine-month high
  • Fastest rise in cost burdens since October 2013

June data indicated a sharp and accelerated expansion of business activity across the U.S. service sector. At 61.2, up from 58.1 in May, the seasonally adjusted Markit Flash U.S. Services PMI™ Business Activity Index signalled the fastest rate of growth since the survey began over four-and-a-half years ago (surpassing the previous peak in February 2010).