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Wednesday, May 25, 2016

Here comes Markit services PMI ...

Markit Economics will release its preliminary report on the US services industry at 9:45 a.m. ET.  Economists forecast that the flash purchasing manager's index (PMI) climbed to 53 from 52.8, according to Bloomberg.  The April report showed that the sector grew at a faster-than-expected pace. However, job creation slowed down. Markit's survey found that 160,000 jobs were added, down from an average of 200,000 in the first quarter.  We'll have the latest once the data cross, so refresh this page for updates. SEE ALSO: HOME PRICES ARE GETTING OUT OF CONTROL IN THESE 18 AMERICAN CITIES Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy


READ THE ORIGINAL POST AT www.businessinsider.com