Markit services PMI rises more than expected
Jan 5, 2017, 20:18 IST
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A preliminary survey had put the index at 53.4 for December. A PMI reading above 50 shows that the sector is still in expansion.
The services sector accounts for most job creation in the US and makes up about two-thirds of all economic output.
At 10 a.m. ET, the Institute of Supply Management will release its non-manufacturing composite index, which is forecast at 56.8, down from 57.2 in November.
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