US: Markit Services PMI edges down to 54.5, lowest reading since April
|"Service sector firms experienced another robust rise in business activity during August, but the rate of expansion eased to a four-month low," IHS Markit said on Thursday.
Key highlights from the press release
- This was signalled by a decline in the seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index to 55.2 in August, from 56.0 in July.
- New business volumes increased at the slowest pace seen so far in 2018.
- Service providers signalled the least marked rise in payroll numbers for eight months.
- Input cost inflation moderated in August and was below the average seen during the first half of 2018.
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