Service Sector Activity Slows In November
Kevork Djansezian / Getty Images
Markit's flash US service sector PMI came in at 56.3, missing expectations.
Expectations were for Markit's flash reading to come in at 57.3, up slightly from last month's 57.1.
This is the lowest reading for the index since April.
"Weaker service sector output growth largely reflected a moderation in new business gains during November. The latest rise in incoming new work was the slowest for seven months and slightly less marked than the average seen since the survey began in October 2009," according to Markit's release.
Markit added that, "Some survey respondents commented on weaker client confidence and associated delays to the launch of new projects."
Markit's flash reading comes ahead of what is a jam-packed three days for US economic data ahead of the Thanksgiving holiday.
More to come ...
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance