US: Markit Services PMI rises in September

Ani Salama FXStreet

The Markit Flash US Services PM Business Activity Index rose to 51.9 in September from the previous month’s final reading of 51.0.

This signalled the fastest monthly rise in activity since April, albeit one that was still relatively modest, said Markit report. Activity has now increased in each of the past seven months.

The seasonally adjusted Markit Flash US Composite PMI Output Index ticked up to 52.0 in September from 51.5 in August. This pointed to the fastest monthly increase in output for five months.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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