US Markit Feb services PMI final reading now out 5 March
- 55.9 flash
- composite 55.8 vs 55.9 flash
Move along folks. Nothing to see here. Slight down in final composite but PMIs don’t have the same clout these days even when well wide of the mark. Any reaction to the decent numbers will have been made on the flash readings anyhow.
Every dog has its day eh?
USDJPYposting 105.80 as the option clock ticks down but USD elsewhere unfazed with GBPUSD at 1.3813, EURUSD 1.2315 AUDUSD 0.7735 USDCAD 1.2977
- Business activity across the U.S. service sector
expanded sharply in February, according to the
latest PMI data. The upturn in output accelerated to
the fastest since August 2017. In addition, greater
client demand led to a steep rise in new business,
which rose at the strongest pace in almost three
- Capacity pressures intensified as a result of
the upswing in demand, with backlogs of work
accumulating to the greatest extent since March
Meanwhile, rates of both input and output price
inflation accelerated, with the former reaching the
fastest since June 2015.
Full report here