US: Business activity in service sector increased at fastest pace since January in June - Markit

Eren Sengezer FXStreet

"Business activity in the US service sector increased at the fastest pace since January in June, according to the latest survey data," said the IHS Markit on Thursday.

Key highlights:

The seasonally adjusted IHS Markit U.S. Services Business Activity Index registered 54.2 in June, up from 53.6 in May
Accelerations in new order and employment growth supported increased optimism in the sector
On the price front, input price inflation was the fastest since June 2015, while output charges rose at the strongest pace in the current 16-month sequence of inflation
Employment growth in the US services sector remained strong in June. The pace of job creation was the quickest since February

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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