US: Final Sevices PMI eases to 56 in July from 56.5 in June – Markit


“The seasonally adjusted final IHS Markit U.S. Services Business Activity Index registered 56.0 in July, down from 56.5 in June,” IHS Markit announced on Friday.

Key quotes from the publication

  • Service sector business activity growth remains sharp, but prices charged rise at fastest rate in almost four years.
  • Business activity upturn one of the strongest in last three years.
  • New business expands at weakest rate for six months.
  • Input price inflation eases, but charges rise at accelerated pace.
  • Employment growth eased to a five-month low.
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